Tinubu's Economy Policy: Gain or Loss for Nigerians? Analyst Reacts

Tinubu's Economy Policy: Gain or Loss for Nigerians? Analyst Reacts

  • President Bola Tinubu's economic policy has been rated as a gain for Nigerians based on global economic reality and index since he assumed office
  • Okanlawon Gaffar, an analyst who spoke on the matter with Legit.ng, said assessing the economic progress of the president was beyond the naira-to-dollar exchange rate
  • Gaffar spoke on the background of claims that the economic policy of Tinubu has been a loss for Nigerians

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

President Bola Tinubu's decision to remove fuel subsidy and float the naira has kept the cost of basic things higher since May 29.

There have been different perceptions about the president's move. While some have argued that the president was taking the right path to the rebirth of a new Nigeria, many believe that the president had failed in his economic strategy.

Read also

What Tinubu must do If he wants naira to rise, Reno Omokri speaks

Bola Tinubu/Presidency/NLC/Joe Ajaero
Tinubu's economic policy gets rated Photo Credit: Bola Ahmed Tinubu
Source: Twitter

Recently, the president of the Nigeria Labour Congress (NLC), Joe Ajaero, accused Tinubu of following the advice of the World Bank and the International Monetary Funds without considering the pains Nigerians are going through.

Ajaero argued that Tinubu's economic policy has been a loss to Nigerians.

Why Tinubu's economic policy is a plus

However, Okanlawon Gaffar, a legal practitioner with an in-depth understanding of the economy, shared a contrary view while speaking with Legit.ng.

The legal luminary said Tinubu's economic policy was a gain for Nigeria, adding that it was beyond the naira-to-dollar exchange rates used as a yardstick by some Nigerians.

According to the legal icon:

One of the most significant parts of democracy is government decision(s) on economic policy. Of course, economic objectives are a constitutional provision. It's well-recognized, so if a wrong decision is made, it will affect all facets of society.

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Frankly speaking, the president's economic policy is a gain for Nigerians. The decisions are borne out of taking Nigerians out of wood.
However, the current economic reality is a global phenomenon and not only peculiar to Nigeria alone. Mind you, Nigerians are always concerned about quick results. However, If you check the economic index since the president assumed office, you would have seen tremendous changes. The current economic reality is being measured by some of the ups and downs of foreign currencies in the capital market. It's beyond that.

Tinubu, Bwala meet in France

Legit.ng earlier reported that Tinubu was rumoured to be searching for 10 PR experts with national and international sympathies to shape his image.

Rilwan Olanrewaju, a PDP chieftain, who made the claim while speaking with Legit.ng, said Daniel Bwala and Reno Omokri are well-suited for the role.

Olanrewaju also said Bwala was never a member of the PDP but was hired to be the spokesperson of Atiku Abubakar during the election.

Source: Legit.ng

Authors:
Bada Yusuf avatar

Bada Yusuf (Politics and Current Affairs Editor) Yusuf Amoo Bada is an accomplished politics and current affairs editor, boasting over 7 years of experience in journalism and writing. He is a graduate of OAU, and holds Diploma in Mass Comm. and BA in Literature in English. He has obtained certificates in Leadership and received the "Certificate for Breakthrough of the Year 2022" in recognition of his great performance during his first year at Legit.ng. Worked as Editor with OperaNews. Contact: bada.yusuf.amoo@corp.legit.ng or call 08161717844

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