President Tinubu Has Implemented His Policies Wrongly – Obasanjo

Former Nigeria President, Olusegun Obasanjo has come out to blast the administration of President Bola Tinubu over poor implementation of the removal of subsidy from petroleum products.

He recently had his say via a statement by his Special Assistant on Media, Kehinde Akinyemi, and Nigerians have been reacting.

According to him, 2 out of 3 decisions BAT and his team have taken so far have been wrongly implemented and have led to the impoverization of the economy and of Nigerians, so the current government must take responsibility for that.

Obasanjo added that the reality is that there is no shortcut to economic progress, just hard work and sweat.

His words, “Today, the government has taken three decisions, two of which are necessary but wrongly implemented and have led to the impoverisation of the economy and of Nigerians. These are the removal of subsidy, closing the gap between the black market and official rates of exchange and the third is dealing with a military coup in Niger Republic.

The way forward is production and productivity which belief and trust in government leadership will engender. No shortcut to economic progress but hard work and sweat.

The economy does not obey orders, not even military orders. I know that. If we get it right, in two years, we will begin to see the light beyond the tunnel. It requires a change of characteristics, attributes, and attitude by the leadership at all levels to gain the confidence and trust of investors who have alternatives.

Total Energy has gone to invest $6bn in Angola instead of Nigeria. If the truth must be stated, the present administration has not found the right way to handle the economy to engender confidence and trust for investors to start trooping in.

They know us more than we know ourselves. And now they are laughing at us, not taking us seriously. We have to present ourselves in such a way that we will be taken seriously. If the existing investors are disinvesting and going out of our country, how do we persuade new investors to rush in?

We can be serious if we choose to be but we need to change from transactional leadership in government to transformational and genuine servant leadership.

With change by us, the investors will give us benefit of doubt, and security being taken care of on a sustainable long-term basis, they will start to test the water.

With the right economic policies, attribute of integrity and honesty of purpose, all should be well with all hands on deck and government becomes a catalyst for development, growth and progress.”