Tinubu pushing Nigeria toward economic ruin – PDP chieftain warns

Umar Sani, former spokesperson to ex-Vice President Namadi Sambo and a prominent chieftain of the Peoples Democratic Party (PDP), has accused President Bola Ahmed Tinubu of implementing policies that are steering Nigeria toward economic collapse.

In a statement issued on Sunday, Sani alleged that Tinubu’s administration is pursuing a “state capture agenda” and working to entrench a one-party system at the expense of the nation’s economic and political stability.

Sani criticized several key policy decisions taken by the President, particularly the removal of fuel subsidies, the floating of the naira, and the hike in electricity tariffs, describing them as reckless moves that have deepened poverty across the country.

“On the very first day in office, President Bola Ahmed Tinubu demonstrated a startling lack of compassion for Nigerians,” Sani stated.

“He admitted that two crucial decisions, removing fuel subsidy and altering the exchange rate regime, were announced spontaneously from the podium after his swearing-in.

“He confessed it took great courage to make those pronouncements.”

According to Sani, the removal of fuel subsidies and the floating of the naira unleashed “skyrocketing prices and hyperinflation,” severely damaging the economy and impacting the daily lives of millions of Nigerians almost immediately.

He further faulted the restructuring of electricity tariffs into Bands A, B, and C, accompanied by steep price increases, arguing that the move has worsened the hardship facing ordinary citizens.

“The categorization of electricity consumers and the sharp price hikes have only added to the burden of an already struggling populace,” Sani said.