Posted by Olusegun Obasanjo, the country’s former president, said on Sunday that President Bola Tinubu’s administration was messing both economic and security policy.
He brought up the elimination of fuel subsidies, the gap between official and black market exchange rates, and the military coup in the neighboring Niger Republic.
Obasanjo, on the other hand, admitted that two of Tinubu’s three decisions were necessary, but he said they were executed incorrectly and had a negative impact on the economy and the people of Nigeria.
And he said that until the National and State Assemblies passed a law supporting a 25-year development program, the country would not reach its goal height.
According to a statement released in Abeokuta, the capital of Ogun State, and signed by his Special Assistant on Media, Kehinde Akinyemi, the former president lamented that the current government has failed to resolve the country’s economic woes by attracting investors and stabilizing the value of the naira relative to the dollar.
Obasanjo delivered his remarks at a colloquium focused on “Nigeria’s Development: Navigating the Way Out of the Current Economic Crisis and Insecurity” on Sunday in Abuja, the Federal Capital Territory (FCT), according to a statement that was provided to LEADERSHIP.
Meanwhile, Obasanjo attacked his detractors, calling them “sycophants and spin doctors,” over his stance on the much-touted Port Harcourt Refinery in Rivers State.