In response to what he saw as the president’s justifications and scapegoating for the worsening economic crisis, Eze Chukwuemeka Eze, a senior member of the All Progressives Congress, denied these claims.
There is no way out of the jam, according to Eze, and President Bola Ahmed Tinubu and his administration appear stuck in a mud.
The APC leader asserts that the Nigerian economy has been in a free spiral for some time now, and that the Naira’s value relative to other convertible currencies is falling precipitously and is getting close to becoming worthless on the global money market.
The unbroken passage of the Naira to its last resting place, he said, has caused food and other basic commodity prices to rise.
Angry Nigerians, who, according to Eze, aren’t sure they’ll have enough food to eat each day and, more often than not, go to bed hungry every night, are a visible manifestation of the concomitant reality of famine and starvation.
Eze pondered why certain experts continue to believe that Tinubu is correct in his ideas, given the enormous difficulties of the present that have definitively established Nigeria as the world’s poverty capital.
“Assuming the policies were good, with very little or no thought towards the complex chains of reciprocal interactions and variables required in the translation of policies into actions, there is bound to be a widening gap between intentions and results as is the case in the present,” Chief Eze warned, rebutting the claims of pro-Tinubu commentators.
According to the politician’s comments that was made public, Vice President Kashim Shittima recently implied that politicians who did not win the 2023 general election were planning to destabilize Nigeria. This shocked the politician.
Eze claimed that Tinubu was never ready to make any significant influence on Nigeria, and that his sole objective was to become president, dismissing Shetima’s claims as irrelevant.
“Under his administration, the vicious cycle of poverty has taken root, and these are the most significant legacies he has left behind,” he stated.
He said that the current administration isn’t doing anything to address the country’s economic problems, and that any efforts that have been made indicate that they aren’t good enough. Placing the blame on individual citizens who are working on solutions to the country’s problems is, to put it mildly, shortsighted.
I find it comical that some of our scholars and leaders have proposed explanations for the causes of our current food crisis. They neglected to mention that insecurity is the primary cause of Nigeria’s current economic problems.
“With the majority of farmers in the North Central and Southern regions of the country now displaced to the IDP camps, leaving their farms to herders, how will we manage to get food to eat?”
“And here we are, preoccupied with convincing ourselves that there is insufficient food to feed the people. Can you tell me where in Nigeria it is safe to go about farming as usual?
The truth is this. Even though we’re the ones causing this predicament, we still think God will provide for us like he provided for the Israelites, who also lacked agricultural tools when he delivered manna.
Aside from insecurity, Eze said that the president’s incapacity to properly study and plan to alleviate the suffering of Nigerians before announcing the removal of the oil subsidy in 2012—a move that would have had serious consequences—was a major contributor to Nigeria’s current problems.