Tinubu’s economic reforms have failed Nigerians – APC chieftain, Okechukwu
A chieftain and founding father of the All Progressives Congress, APC, Osita Okechukwu, has admitted that the microeconomic indicators of President Bola Tinubu’s reforms are poor and have failed Nigerians. Okechukwu made this statement during an interview on Arise Television’s Prime Time on Tuesday. He, however, said the economic reforms had performed well at the macroeconomic […] Tinubu’s…
Famed All Progressives Congress (APC) member and founding member, Osita Okechukwu, has admitted that President Bola Tinubu's economic reforms have failed Nigerians. During an interview on Arise Television's Prime Time, Okechukwu pointed out that the microeconomic indicators of the reforms are poor and have not improved the lives of ordinary Nigerians.
However, he stated that the macroeconomic level of the reforms had performed well. Okechukwu cited high cost of living, declining purchasing power and significant unemployment as issues that persist despite Nigeria's large youth population. He also highlighted the devaluation of the naira as a hindrance to the importation of machinery by small and medium-sized enterprises, and rising energy costs stalling industrial growth.
Okechukwu argued that the neoliberal doctrine assumed the reforms would boost the private sector, but the reality is that the reforms have not achieved this due to inhibiting factors. Small and medium-scale industries are struggling, and the devaluation of the naira has made it difficult for them to import machinery. Similarly, rising energy costs have further impeded industrial growth.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
