A chieftain of the ruling All Progressives Congress (APC), Ismaeel Ahmed, has disclosed that President Bola Tinubu should not be blamed for the country’s current economic challenges.
Ahmed, who acknowledged the struggle Nigerians are facing with the soaring cost of living and the surge in commodity prices, said during a monitored television Programme, on Tuesday, that the difficult choices made by the present government were indispensable for the economic revival of the nation.
He said: “Hard decisions were taken. None of these decisions was not promised during the campaign, not only by President Bola Tinubu but by other candidates as well.
“We are in a situation where things have to realign. The President has taken hard decisions, it is discomforting, we are all feeling the pinch, but I won’t say the President is to be blamed for. END
YOU would recall that ever since assuming office in May 2023, Tinubu has implemented a series of reforms with the goal of revitalizing the economy and promoting investment.
However, these initiatives have resulted in an increase in the cost of living.
One of the President’s tough economic measures was the removal of fuel subsidy, which has led to higher living expenses and transportation costs.
Additionally, Tinubu has adjusted the naira exchange rate by eliminating multiple rates, but this decision has caused a significant depreciation in the national currency’s value.
It is worth noting that prior to the presidential election on February 25, 2023, both Peter Obi from the Labour Party (LP) and Atiku Abubakar from the Peoples Democratic Party (PDP) had also pledged to end the era of fuel subsidy and unify the exchange rate.
Despite Tinubu’s relatively short time in office, there are already political calculations and alliances being formed in anticipation of the next electoral cycle. Reports have surfaced regarding discussions between Atiku and Obi.
