By James Moses (9News Nigeria -Jos)
“Former Nigeria’s Vice President Atiku Abubakar has said Nigerians, himself inclusive, cannot keep quite over the alledgedly wrong economic policies of the President Bola Ahmed Tinubu administration.
Atiku in a tweet on Monday said the policies of the President Tinubu’s administration is alledgedly responsible for the economic hardship in the country, yet the President expects concerned citizens to keep quite.
The former Vice President noted that “At a meeting called at his instance on Thursday to address the Foreign Exchange crisis and the problem of economic downturn, among others, Bola Tinubu failed, yet again, to showcase any concrete policy steps that his administration is taking to contain the crisis of currency fluctuations and poverty that face the country.
“Rather, he told the country and experts, who have been offering ideas on how to resolve the crisis that he and his team should not be distracted and allow time to continue cooking their cocktail that has brought untold hardship to the people of Nigeria. I don’t agree with that.
“The wrong policies of the Tinubu administration continue to cause untold pain and distress on the economic and the rest of us cannot keep quite when, clearly, the government has demostrated sufficient poverty of ideas to redeem the situation”
He noted that “Tinubu’s new policy FX management policy was hurriedly put together without proper plans and consultations with stakeholders.
The government failed to anticipate or downplayed the potentials and real negative consequences of its actions.
“The Government did not allow the CBN the independence to design and implement a sound FX management.
Policy that would have dealt with such issues as increasing liquidity. Curtaling/regulating demand, dealing with FX backlog and rate convergence.
Atiku noted that If the Federal Government would not hold on its “usual hubris’, there are ways the country could get out of its current economic crisis.
-9News Nigeria.
