Former President Olusegun Obasanjo recently criticized President Bola Tinubu’s policies on fuel subsidy removal and exchange rates as necessary but poorly implemented. Speaking at a colloquium in Abuja, Obasanjo highlighted three major decisions of the current administration, including fuel subsidy removal and exchange rate adjustments, which he believes have negatively impacted the economy and the livelihood of Nigerians.
Obasanjo emphasized the importance of production and productivity in order to boost the economy, calling for trust in government leadership to encourage economic progress. He also criticized those opposing his stance on the refurbished refinery in Port Harcourt, defending his decision to partially privatize the refineries in 2007.
Reflecting on President Tinubu’s first year in office, Obasanjo proposed a 25-year development agenda to address Nigeria’s current challenges. He urged for a shift towards transformational leadership and transparency in government dealings to attract investors and spur economic growth.
Obasanjo’s comments serve as a reminder of the importance of consistent policies, honesty, and integrity in government actions to instill confidence in investors and drive progress and development in Nigeria.
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