Don’t blame Tinubu for current economic challenges- Yuguda
The Chairman of the Board of Trustees (BoT) of the All Progressives Congress (APC) Professionals Forum, Dr. Isa Yuguda, says nobody should blame President Bola Tinubu for the current economic challenges bedeviling the country.
Speaking at the inaugural edition of the Asiwaju Scorecard Series held in Abuja, Dr Yuguda noted that the President didn’t create the existing economic challenges but has been effectively managing them to prevent further deterioration.
“The President didn’t create any of the problems people are talking about, whether in the economy or in other sectors. In fact, what he met on the ground would have created a worse situation if not properly handled, but he is championing reforms that are required to pave the way for a better society,” Yuguda claimed.
“We all recall how, on assuming office, President Tinubu announced the removal of fuel subsidy but again, for the avoidance of doubt, he didn’t remove subsidy on PMS. It was not in the later part of the 2023 budget, but surprisingly, the Tinubu administration has had to bear the brunt of subsidy removal.
Indeed, the President has today been proved right with the manner in which petrol importation has gone down by 50% since June 2023, and it’s almost certain to go down more in a few months when the 650,000 barrels per day Dangote refinery begins to produce PMS locally as well as the impending resumption of production at the Port Harcourt and Warri Refineries,” he explained.
Yuguda therefore praised the positive fiscal impacts of the subsidy removal, noting a significant increase in allocations from the Federation Account Allocation Committee (FAAC) to states.
The Special Adviser on General Duties office of Vice President, Dr Aliyu Modibbo stated that the solutions that the Tinubu administration rolled out were designed to deal with the remnants of long-standing issues that have undermined the nation’s economy.
Dr Modibbo who represented Vice President Kashim Shettima, said the objective was to guarantee the course of the country for future generations rather than postponing the setbacks for the next generation.
The National Chairman of the APC, Dr Abdullahi Umar-Ganduje, observed that the Tinubu administration has succeeded in transforming the economy into a credit-based consumer economy that would improve agriculture.
