Obasanjo tackles Tinubu on subsidy removal, forex policy, handling of coup in Niger

He said though subsidy removal and the government’s forex policy were desirable, they were poorly handled by the government.

He declared that such people failed to remember that the attempt made in 2007 to partly privatise the refineries was made him, after a thorough study of the situation, hence his knowledge and better understanding of the situation before making his decision late last year. “TotalEnergy has gone to invest $6 billion 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.

‘’There must be honesty and transparency in government dealings and contracts and not lying with deception about these issues. When the government is seen as pursuing the right policy, the private sector will go for production and productivity.”The former president’s reaction to the refinery issue is coming six months after the claim that the refinery would begin operation in January.

“Firstly, we must know where we are coming from. Our economy has consistently suffered from poor policies, lack of long-term, sustainable policies, discontinuity, ad hoc arrangement and corruption firmed on personal greed, avarice, incompetence, lack of knowledge and understanding and lack of patriotism.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tinubu hasn't found right way to handle economy, says ObasanjoOlusegun Obasanjo says the fuel subsidy removal was necessary but 'wrongly and thoughtlessly' implemented by Tinubu
Source: thecableng - 🏆 2. / 80 Read more »

Obasanjo gives Tinubu solutions to economic woes in NigeriaFormer Nigeria President, Olusegun Obasanjo has told President Bola Ahmed Tinubu to ramp up activities around production and productivity to tackle Nigeria's economic woes.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Tinubu has done well for Niger Delta, says NDBDA bossThe Nation Newspaper Tinubu has done well for Niger Delta, says NDBDA boss
Source: TheNationNews - 🏆 6. / 69 Read more »

Tinubu, Obasanjo seek regional integration to deepen democracyPresident Bola Tinubu and former President, Olusegun Obasanjo, yesterday, called for the strengthening of regional economic communities
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Obasanjo’s parliamentary system comment, commercial flights advice to Tinubu, other House top newsDuring the week, the lawmakers resolved to launch an investigation into the constant breakdown of the aircraft in the presidential fleet.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Niger Delta youths march for Tinubu, Otuaro in BayelsaThe Nation Newspaper Niger Delta youths march for Tinubu, Otuaro in Bayelsa
Source: TheNationNews - 🏆 6. / 69 Read more »