According to former vice president Atiku Abubakar, President Bola Tinubu lacks concrete solutions to address the foreign exchange problem that has hurt the naira and made the nation’s economic crisis worse.
He presented the authorities with other options to prevent the currency from depreciating further.
In light of Tinubu’s meeting with governors and other stakeholders last Thursday to discuss the foreign exchange crisis and the issue of the economic slump, Atiku addressed yesterday.
In his policy paper titled “My Covenant With Nigerians,” which he used to campaign for the Peoples Democratic Party (PDP) presidential candidacy in 2023, Atiku promoted a managed-floating foreign exchange system and guaranteed sufficient foreign exchange reserves on his handle on the X platform.
According to the former vice president, Nigeria’s economy would start to recover when the government is prepared to listen to wise advice, stop the internal bleeding brought on by corruption, and stop taking on foreign debts that were poorly negotiated.
Atiku claimed that Tinubu had once again failed to present any specific policy measures his administration was taking to address the nation’s poverty and exchange rate challenges.
“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 allowed time to continue cooking their cocktail that has brought untold hardship to the people of Nigeria. I don‘t agree with that,” he noted.
The PDP presidential candidate for 2023 stated that “the rest of us cannot keep quiet when, clearly, the government has demonstrated sufficient poverty of ideas to redeem the situation.” Tinubu’s incorrect policies, according to the candidate, continue to wreak enormous anguish and suffering on the economy.
