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Published on 2024-01-31 03:13:53
President Bola Tinubu is under scrutiny yet again for the economic difficulties currently plaguing the country. A PDP chieftain and political analyst, Hon. Rilwan Olanrewaju, expressed his criticism of the president’s economic teams, calling them local champions. He refuted the idea that Tinubu built Lagos’ economy, asserting that the city would thrive even under the governance of a less capable individual.
Olanrewaju highlighted the devastation caused by President Tinubu’s economic policy, which was allegedly driven by the advisement of the World Bank and the International Monetary Fund (IMF). Inflation is skyrocketing, squeezing the livelihoods of ordinary citizens. He emphasized that Tinubu’s record in Lagos should not be extrapolated to assess his competence to govern Nigeria. The success of Lagos as a commercial city could be credited more to the inherent economic vitality of the city rather than the policies of its leaders.
The PDP chieftain admonished Tinubu’s economic ideas, asserting that the brains he had assembled were merely local champions who managed to enforce policies that limited opposition in Lagos. He criticized the president’s lack of clear ideas to address the current economic crisis. Olanrewaju lamented that inflation is soaring, and the exchange rate is detrimental to business and investment.
Moreover, the opposition has accused President Tinubu of championing an anti-people economy, deteriorating the livelihoods of Nigerians. This critique was echoed by the NLC president, Joe Ajaero, who alleged that Tinubu was carrying out the agenda of the World Bank and IMF, to the detriment of the Nigerian people.
However, President Tinubu’s minister of information, Mohammed Idris, and his special adviser on media, Bayo Onanuga, dismissed the criticisms, assuring Nigerians that they would soon reap the benefits of the economic reforms. Despite their reassurance, the public skepticism persists, as the reality of the country’s economic struggles casts a shadow of doubt on the effectiveness of the current economic policies.
