Former President, Olusegun Obasanjo has said two out of three of the President Bola Tinubu-led administration’s policies were necessary but wrongly implemented.
Obasanjo made this remark at a Colloquium themed ‘Nigeria’s Development: Navigating the Way Out of the Current Economic Crisis and Insecurity’, at the Paul Aje Colloquium (PAC) in Abuja, during the weekend.
He hinted that the third decision was the position in dealing with the coup in Niger.
Today, government has taken three decisions, two of which are necessary but wrongly implemented and have led to impoverisation of the economy and of Nigerians. These are removal of subsidy, closing the gap between black market and official rates of exchange and the third is dealing with military coup in Niger Republic.
“The way forward is production and productivity which belief and trust in government leadership will engender. No short cut to economic progress but hard work and sweat.
“Economy does not obey orders, not even military orders. I know that. If we get it right, in two years, we will begin to see the light beyond the tunnel. It requires a change of characteristics, attributes and attitude by the leadership at all levels to gain the confidence and trust of investors who have alternatives.
