News

Presidency tackles Atiku for faulting Tinubu economic reforms

Presidency tackles Atiku for faulting Tinubu economic reforms

The presidency on Sunday fired back at the Peoples Democratic Party’s (PDP) presidential candidate in the 2023 election, Atiku Abubakar, over his proposed economic reforms .

Abubakar had in a post on social media claimed his policy reforms would have shielded Nigeria’s fragile economy from collapse and prevented widespread business failures.

He also described as an “overkill” President Tinubu administration’s decision to remove petrol subsidies, float the exchange rate, and increase the electricity tariffs.

However, the Special Adviser on Information and Strategy to the President, Bayo Onanuga, in a statement on Sunday said Abubakar’s ideas lacked substance and were rejected by Nigerians during the 2023 presidential poll.

READ ALSO:

“Talk is cheap, and it’s easy to paint a flowery to-do list,” Onanuga said, emphasizing that President Tinubu inherited a country facing significant challenges, including fuel subsidies that drained resources and forex market arbitrage.

He argued that President Tinubu took bold measures to address these issues, which Abubakar and his predecessor should have tackled during their tenure.

“While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago,” he argued.

The presidential aide highlighted that the Tinubu administration prioritizes social safety nets and targeted support for vulnerable individuals affected by recent economic changes.

“Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this, as it resonates well with our administration’s focus,” Onanuga concluded.

Presidency tackles Atiku for faulting Tinubu economic reforms

Trends Admin

Recent Posts

BREAKING: Super Eagles qualify for AFCON 2025

BREAKING: Super Eagles qualify for AFCON 2025 The Super Eagles of Nigeria have secured their…

4 hours ago

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight    An Abuja-Lagos flight was…

5 hours ago

NNPC achieves 1.8mbpd crude oil production

NNPC achieves 1.8mbpd crude oil production The Nigerian National Petroleum Company Limited (NNPC Ltd) and…

6 hours ago

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year The federal government has unveiled…

6 hours ago

EFCC arrests ex-NCMB boss over $35m energy project fraud

EFCC arrests ex-NCMB boss over $35m energy project fraud The Economic and Financial Crimes Commission (EFCC)…

6 hours ago

FG gets fresh $134m loan from AfDB for agric projects

FG gets fresh $134m loan from AfDB for agric projects The Federal Government has secured a…

6 hours ago