Tinubu’s economic policies dashing hopes, creating pain – Atiku

Tinubu’s economic policies dashing hopes, creating pain – Atiku

The Presidential Candidate of the Peoples Democratic Party
(PDP), in the 2023 General Elections, Atiku Abubakar, has faulted President
Bola Tinubu’s economic policies.

 

Atiku explained that the President’s performance on the
economic front over the past six to seven months has been disastrous.

 

He said this in a statement, in Abuja, on Sunday.

 

Atiku said, “The economy’s performance has, in recent weeks
and months, been a subject of intense discourse among Nigerian citizens at home
and abroad.

 

“Nigerians are gravely concerned, and rightly so, that
Tinubu’s poor response to Nigeria’s economic challenges is setting the stage
for a prolonged and deeper domestic economic crisis.

 

“His economic policies, drawn from a so-called renewed hope
agenda, are ironically dashing hopes, creating pain and causing despair.

 

“The private sector is shrinking by the day as small
businesses are emasculated and as Multinational companies, confused and weary
of the economy, leave Nigeria in droves.

 

“The intense cost of living pressures has created more
misery for the poor in towns and villages. There is HUNGER IN THE LAND as basic
commodities, including BREAD, are becoming out of reach for average Nigerians.

 

“His 2024 budget is a business-as-usual exercise, bereft of concrete
ideas and actions that would support Nigeria’s journey toward economic
transformation – consisting mainly of wasteful expenditures to cater to a
bloated Federal Government. Budget 2024 will not facilitate growth and cannot
empower our citizens to earn a living and live a decent life.

 

“BAT has shown no capacity to deal with the adverse and
disastrous impact of the new subsidy regime on the people and businesses and
the new foreign exchange policy, which provides for a free-floating exchange
rate.

 

“His initiatives are literally uninformed, arbitrary, and
chaotic. BAT’s palliatives are too mean, pitiable, and contemptuous of the
poor. He seems genuinely lost, bewildered, and overwhelmed.”

 

The former Vice President (1999-2007) further said, “To mask
their failures, BAT and his political appointees are busy blaming his
predecessor in office for bequeathing a ‘dead’ economy.

 

“This is a familiar game popularised by former President
Buhari while in office. It reinforces what we already know: that BAT came into
office unprepared.

 

“Tinubu and his economic management team must swallow their
pride, admit their missteps and failures, and follow those who know the
terrain. They must act fast before the economy sinks deeper into the abyss. The
question is, will they?”

Source: Tinubu’s economic policies dashing hopes, creating pain – Atiku

 - NigerianEye

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