Former Vice President Atiku Abubakar has criticized President Bola Tinubu’s economic policies, citing a striking disparity between the current administration’s approach and his own proposed alternatives . In a press release, Abubakar expressed excitement about the vigorous debate surrounding Nigeria’s economic turmoil, hoping it will ultimately benefit the nation.
Abubakar attributed Nigeria’s economic woes to the Tinubu administration’s hasty rise to power without a coherent plan. He contrasted this with his own team’s comprehensive Recovery Plan, which incorporated significant input from Nigerians, ensuring inclusivity and careful consideration.
Abubakar mocked the Tinubu administration’s response to his proposals, pointing out that their only policy solution seems to be a national prayer led by the First Lady and the NSA, just 24 hours after he presented his alternative solutions. While acknowledging prayer as a noble pursuit, Abubakar emphasized that hard work and diligence are equally essential.
Abubakar refuted claims that his proposals remain untested, arguing that it’s the Tinubu administration’s erratic policies that are unproven. He highlighted Nigeria’s economic success under his stewardship between 1999-2003, when the country was Africa’s top economy, compared to its current fourth position.
The average GDP rate under the Obasanjo administration, which Abubakar served in, was 6.59%, peaking at 15% in 2002. This contrasts with the Tinubu era’s dismal 2.8% GDP rate.
Abubakar questioned the focus on taxing an already struggling populace, citing nations like the United Arab Emirates, Qatar, and Monaco, which have thrived with lower taxation.
Abubakar emphasized that the 2023 presidential election was “criminally stolen” from the Nigerian people, rather than lost.
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