Tinubu Running an ‘Animal Farm’ Economy, Says Atiku

Tinubu Running an ‘Animal Farm’ Economy, Says Atiku

  • Nigeria's food inflation has risen to 30.6 per cent, putting more pressure on the administration of President Bola Tinubu
  • Despite declaring a state of emergency food security, the inflation of food prices has continued to witness an upward scale
  • This development has further sparked criticism from the camp of the opposition party amid the hardship prevalent in the country since May 2023

FCT, Abuja - Phrank Shaibu, the former Vice President Atiku Abubakar's Special Assistant on Public Communication, has criticized the Bola Tinubu administration, citing the latest inflation figures of 26.72% and a food inflation rate of 30.6%.

Shaibu, in a statement made available to Legit.ng on Tuesday, October 17, attributes these high inflation rates to what he sees as incompetence and a lack of direction within the Tinubu government.

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Tinubu, Atiku
President Bola Tinubu, at his inauguration, declared the removal of subsidies, which caused a rapid rise in the inflation of commodities and services. Photo Credit: Bola Ahmed Tinubu
Source: Facebook

Shaibu points to several critical policy decisions contributing to rising inflation.

He criticizes Tinubu's removal of petrol subsidies, his handling of the exchange rate unification policy, and the introduction of VAT on diesel, all of which he considers ill-informed and poorly executed.

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He specifically mentions the belated removal of VAT on diesel, which he views as evidence of the haphazard nature of Tinubu's administration.

Tinubu slammed over lack of proactive action on food security

As contained in the statement, Shaibu dismisses Tinubu's declaration of a state of emergency on food security as mere rhetoric, given the continuous increase in food prices.

Shaibu added:

“Food prices in several parts of the world are dropping. However, they are increasing in Nigeria because the country is being governed by an economic Lilliputian whose only bragging right is increasing the revenue of Lagos State through multiple taxation and the institutionalisation of extortion.

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“He knows nothing about exchange rate, monetary policy, or even how to run a multi-ethnic and largely agrarian country like Nigeria. This was a man who said last year that the only way to solve unemployment was to employ 50 million youths into the army and feed them with ‘Agbado (corn), cassava and ewa (beans)”. How can such a man have the answers to Nigeria’s problems?”

Shaibu characterizes the Tinubu administration as wasteful, emphasizing that money is being squandered despite limited resources, reflecting the government's lack of sincerity.

He added:

“Even at a time when he is calling on everyone to tighten their belts, he inaugurated the largest cabinet in Nigeria’s history and is set to plunge Nigeria deeper into more debt.

Tinubu govt alleged of returning to payment of fuel subsidy

He calls on Nigerians to remain patient while the Supreme Court addresses the alleged electoral issues from February 25, 2023, implying that the current government's actions have been questionable.

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Shaibu alleged that the Nigerian government may have secretly reintroduced subsidies on petrol, leading to a significant price gap between petrol, kerosene, and diesel.

He warns that if the Tinubu administration continues for a year, Nigerians may experience increased poverty.

Food security: Scientist reveals solution to achieving ‘zero hunger’ in Nigeria

Following the declaration of a state of emergency on food security, experts have begun debate on a veritable solution.

While the debate is ongoing, some experts have begun to prefer solutions that could prove pivotal to restoring food availability in Nigeria.

President of UNESCO-REF, Prince Abdulsalami Ladigbolu, said equipping young women in agriculture would prove vital to restoring food availability.

Source: Legit.ng

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