Nigeria’s Ex-President, Olusegun Obasanjo, has expressed disappointment over President Tinubu’s government for the mismanagement of two major economic policies which include : the removal of petroleum subsidies and the floating of the naira.
In a statement released yesterday, Sunday through his Special Assistant on Media, Kehinde Akinyemi, Obasanjo also expressed disapproval of the federal government’s approach to the political unrest in Niger.
Obasanjo acknowledged the importance of the subsidy removal and exchange rate policy adjustments but criticized the execution, which he says has contributed to the impoverishment of the nation and its people.
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“The government’s recent steps are necessary but not effectively executed. They have worsened the economic plight and failed to inspire investor confidence,” Obasanjo stated.
On foreign investment, Obasanjo in the release stated that Nigeria must reposition itself as a credible and serious destination for investment.
Recalled that during an encounter in Owerri with President Tinubu, former President Olusegun Obasanjo laid out recommendations, calling for a 25-year socio-economic development plan with the consensus of all political parties to ensure stable growth and focused implementation, especially in the sphere of education.
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