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Tinubu Government Has Not Found Right Way To Handle Nigeria’s Economy Says Obasanjo

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Former President Olusegun Obasanjo says President Bola Tinubu’s policies on fuel subsidy removal and exchange rates have adversely affected the Nigerian economy. Obasanjo spoke via a statement issued by his media aide, Kehinde Akinyemi, on Sunday to assess the performance of the current government in the past one year. He said the effects of the policies which he said were “wrongly implemented are pushing foreign investors away from Nigeria”. He argued that “the present administration has not found the right way to handle the economy to engender confidence and trust for investors to start trooping in”. Obasanjo continued: “Today, the government has taken three decisions, two of which are necessary but wrongly implemented and have led to the impoverization of the economy and of Nigerians. These are removal of subsidy, closing the gap between the black market and official rates of exchange and the third is dealing with a military coup in Niger Republic. “The way forward is pr...
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“Nigeria is like a human abattoir on an industrial scale

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-Savannah Centre holds workshop on the 17 years of Nigeria’s democratic governance. – Keynote speaker, Prof Sam Egwu likened Nigeria to a human abattoir on an industrial scale and also argued that there is nothing like “true” federalism. – Prof. Egwu argued that federalism is dynamic because of the changing nature and balance of force that in the first place led to the adoption of federalism. A former governance adviser for the United Nations Development Programme (UNDP) in Nigeria, Prof. Sam Egwu, today, May 27, likened Nigeria to a “human abattoir on an industrial scale.” The professor of political science with specialty in political economy and development studies said this at the workshop organized by the Savannah Centre for Diplomacy, Democracy and Development (SCDDD) to x-ray Nigeria’s 17 years of democratic governance. The professor who delivered a paper on “The Challenge of Federalism in Nigeria: Interrogating and Celebrating 17 years of Democratic Governance in Africa’ Largest...
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