The National Secretary of the All Progressives Congress (APC), Senator Bashiru Ajibola, prominent human rights lawyer Ebun-Olu Adegboruwa, SAN, and Ogun State PDP chieftain, Segun Sowunmi, have shared differing opinions on President Bola Ahmed Tinubu’s economic policies.
While Ajibola defended the president’s actions as the best course for the nation, Adegboruwa and Sowunmi criticized the policies for fostering inflation, poverty, and hardship. The trio expressed their views on Wednesday during a panel discussion titled “The Tinubu Administration’s Economic Agenda and Policy: How Far? So Far,” held at an event marking the 70th anniversary of the Ibadan branch of the Nigerian Bar Association (NBA).
Adegboruwa’s Perspective
Adegboruwa argued that Tinubu’s administration has failed to tackle critical issues such as restructuring, federalism, and infrastructure development. He stated:
“Despite APC’s manifesto, there is no progress on devolution of power or true federalism. The Oronsaye Report, which recommended merging or scrapping some overbloated agencies, has been ignored.
“Our infrastructure remains in a deplorable state. Roads are impassable, and air travel is the only viable option for movement. Moreover, inconsistent government policies deter investment, and we lack an independent judiciary. In my view, Tinubu’s administration has yet to start addressing these foundational issues.”
Sowunmi’s Criticism
Sowunmi specifically condemned the removal of the fuel subsidy and alleged regional bias in key appointments. He remarked:
“The removal of the PMS subsidy has only worsened the economic situation. Most key positions, including the CBN governor, finance ministry, and military leadership, are occupied by individuals from the Southwest, which raises concerns about tribal favoritism.
“Meanwhile, the naira continues to weaken, and inflation remains unchecked. Many Nigerians have lost trust in the monetary system, opting to store cash privately instead of in banks. This undermines any hope for economic recovery.”
Ajibola’s Defense
Senator Ajibola countered the criticisms, emphasizing that Tinubu’s administration is not socialist and should not be judged using such metrics. He defended the government’s economic policies as strategic and forward-looking.
He said:
“Yes, inflation is a challenge, but the 2025 budget is focused on reducing it through targeted measures and infrastructure development. Our unified exchange rate system has settled forex debt, making Nigeria a more investment-friendly environment.
“The fuel subsidy removal, though painful, was necessary to curb fraudulent practices and promote sustainable development. Our policies aim to encourage genuine economic growth, not just provide temporary relief.”
Ajibola reiterated that Tinubu’s administration is prioritizing long-term solutions to Nigeria’s economic challenges, including addressing inflation and creating a conducive environment for investment and infrastructure development.
The discussion highlighted contrasting views on Tinubu’s economic approach. While critics emphasized the immediate struggles faced by Nigerians, Ajibola stressed the administration’s focus on sustainable growth and structural reforms.
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