Who Gave Tinubu a Dead Economy? (EDITORIAL)
That’s the first question every discerning Nigerian should ask President Bola Tinubu and his team leading the country. How did he come by the hopeless economy?
The administration of former President Muhammadu Buhari complained throughout the eight years it spent governing the affairs of the country. It put the socioeconomic cum security challenges of the country at the doorstep of its successor, Goodluck Jonathan’s.
And as expected, Nigerians believed what Buhari said. They had no reason to doubt it considering the fact that they didn’t have data, documents or any other information to counter the argument of the Buhari’s government.
But that Bola Tinubu would also claim to have inherited a Dead Economy is still surprising. Does it mean the last administration only served as a mortician watching over the remains of the country’s economy? The leadership of Muhammadu Buhari did nothing to resuscitate the “dead” economy that Jonathan passed on.
A report of the New York Times blamed President Bola Tinubu for the current economic woes. As it is the practice, a media and strategy aide, Bayo Onanuga reacted on behalf of the government. He opined that the incumbent president inherited a Dead Economy. Is he talking about the same 2015 economy that Jonathan gave to Buhari?
The immediate past president was bold enough to nail Jonathan. Why is Tinubu’s Government naive, timid to name the killer of the economy? In all honesty, the last eight years should have been enough for the economy to revive, resurrect, if it actually died as Buhari told the citizens of the country.
Repeatedly, Tinubu’s appointees have blamed the past administration for the current economic issues. Meanwhile, it’s worthwhile to note that the incumbent decided to remove subsidy on petroleum, a decision that put the economy and millions of lives in jeopardy.
The hike in cost of petroleum negatively contributed to the woes. This is something the current administration has failed to admit. Immediately he made the pronouncement, everything changed and more millions of impoverished people were made. If the economy is actually dead, Tinubu’s policy was the bullet.
Not only that, dancing to the tunes of the Western International Monetary Fund, Bola Tinubu decided to make the Nigerian currency compete with the United States dollar. Naira moves from N460 to as high as N1450 now. It is still changing. The Central Bank of Nigeria is depleting the foreign reserve to help the naira.
And if the administration of President Bola Tinubu believes that perfect decisions are made, it should then let Nigerians know the killer of the economy of the country.
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