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Tinubu Has Worsened Buhari’s Horrible Economic Legacy In One Year – Atiku Blows Hot | Citizen NewsNG

ByCitizen NewsNG

May 29, 2024

Atiku

 

Former Vice-President Atiku Abubakar has criticized President Bola Tinubu, stating that in his first year in office, Tinubu has worsened the economic issues and hardships left by his predecessor, former President Muhammadu Buhari.

Under Tinubu’s leadership, “all the economic ills—joblessness, poverty, and misery—which defined the Buhari-led administration have only exacerbated,” said Atiku , who ran contested against Tinubu in the 2023 presidential election.

“Predictably, 12 months on, Tinubu’s pledge of growing the economy and ending misery remains unfulfilled. His actions or inactions have significantly worsened Nigeria’s macroeconomic stability. Nigeria remains a struggling economy and is more fragile today than it was a year ago,” he added.

In a statement on Wednesday, the former vice-president remarked that Nigeria, once Africa’s leading economy, “has slipped to the fourth position, lagging behind Algeria, Egypt, and South Africa.”

He pointed out that “citizens’ hopes have been dashed (and not renewed contrary to the propaganda of the administration) as Nigeria’s economic woes have multiplied.”

Atiku’s criticism of Tinubu’s presidency coincided with Tinubu’s first year in office.

Peoples Gazette reports that Ajuri Ngelale and Bayo Onanuga, presidential media aides, could not be reached for comments.

Meanwhile, Nigerians have also criticized president Tinubu, lamenting economic hardships characterized by hunger, rising food prices, and insecurity. Tinubu inherited a N46 trillion debt profile from the Buhari regime, with the law requiring Nigeria to use close to 80 percent of its earnings for debt repayment.

While economic difficulties predated Tinubu’s presidency, his dual policies of fuel subsidy removal and floating the naira have led to fuel prices jumping from N145 to N710 and the naira trading at about N1,500 to the dollar.

The Economic experts and the International Monetary Fund have also praised Tinubu’s policies as bold moves. However, rising food prices have led to protests in Niger, Osun, Ibadan, and Lagos States, Tinubu’s home state, as Nigerians decry the country’s economic situation.

Surveys by Peoples Gazette showed that food prices have increased nationwide by over 100 percent since Tinubu took office on May 29, 2024.

In March, a government-owned warehouse in Abuja was raided, with residents looting food items.

Also, in Suleja and Zaria, trucks carrying foodstuffs were attacked and ransacked as widespread hunger ravaged the country.

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