Peter Obi, the Labour Party Presidential candidate has said Nigeria’s current economic travails is a byproduct of President Bola Tinubu’s ill-conceived economic policies especially the hasty removal of fuel subsidies without an alternative plan to contain the aftereffects.
National Publicity Secretary of the party, Obiora Ifoh, said this in a telephone interview with Vanguard, in Abuja, on Thursday.
He was reactions to claims by the Federal Government that the situation could have been worse than it is today if it had not removed the subsidy.
Ifoh said, “It’s unfortunate that this administration has continued to act as if it is still campaigning for office.
“The same people told us removing fuel subsidies was all that was needed to revamp the economy.
“We have always said it, that the hasty manner with which President Bola Ahmed Tunubu who was obviously basking in the euphoria of his swearing in announced the removal by fiat.
“His action was not taken through the rigors of consultations and planning. We knew this would lead us into economic trouble, our leader Mr. Peter Obi and our party gave words of caution but we were called names.
“You can’t run a Governance based on a whim. The economic turmoil we are suffering today is a a result of this poor sense of judgment.
“Sadly, amidst all of these, the All Progressives Congress administration of renewed hopelessness has increased its spending on the lavish lifestyles of its elected officials. Corruption among government officials has never been worse.
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