Dollar Gain: Tinubu Deceives Nigerians With False Economic Narratives–Ezeobika

Barrister Chukwudi Ezeobika, a former National Legal Adviser of the Inter Party Advisory Council of Nigeria (IPAC), has accused President Bola Tinubu’s All Progressives Congress (APC) administration of deceiving “Nigerians amidst the glaring economic recession and crisis.”

Barr. Ezeobika claimed that reports of Naira gains against other currencies, particularly the US dollar, were “erroneous.”

In a statement released on Sunday, he stated that the “effects of such gains on goods and services are yet to be felt by the average Nigerian.”

According to him, “The reason for this indescribable phenomenon, as we have seen in every sector of the Nigerian economy, is not far-fetched. The Bola Ahmed Tinubu-led APC government’s deliberate decision to continue deceiving Nigerians in the midst of a clear economic recession and crisis.

“It is erroneous to believe that the Nigerian currency will ever make any gains against the US dollar or that its economy will be relevant on a global scale if the country is unable to produce the basic goods and services required, as well as to build and develop its dilapidated and/or non-existent infrastructure in critical sectors of the economy such as health, power, transportation, and agriculture.

“All known indicators of economic recession are currently present in the Nigerian economy, as evidenced by the high and unprecedented costs of goods and services, as well as the current administration’s continued manipulation of the country’s currency against the will of the Nigerian people.

The Federal and State agencies tasked with regulating the prices of goods, particularly food items that are essential to the average Nigerian, have either become obsolete or
non-existent, resulting in the absurdities found in the prices of food commodities like rice, yam, and beans in most Nigerian markets.

The former 2018 Senatorial Candidate for Anambra South Senatorial District stated that “the current administration has wilfully and consciously chosen to continue the path of its predecessors by propagating ill-conceived social and economic policies and engaging in projects that are purely unrelated and at odds with the well-being of its citizens.”

The Nigerian Legislature should, as a matter of urgency, rediscover its essence in enacting relevant laws that have a direct impact on the lives of ordinary citizens, reposition itself in its oversight functions, and justify the massive budgets passed annually to maintain the legislative arm of the Nigerian government.”