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Tinubu, Bola

President Tinubu's Critics Must Give Credit for Problem-Solving

Strategic Insights

— 1 min read

President Bola Tinubu's administration is facing criticisms from Nigerians who are quick to blame him for the country's problems without remembering the state of the country before he took office. However, the Special Adviser on Media and Information Strategy, Bayo Onanuga, has urged Nigerians to give the president credit for tackling problems that past governments ignored, including the issue of arbitrage in the forex market. Onanuga recalled that Nigeria was already facing a serious fuel crisis when President Tinubu took office in May 2023, with fuel scarcity and long queues across the country.

Key Takeaways:

  • Nigerians have "short memories" and quickly blame President Tinubu for the country's problems without considering the state of the country before he took office.
  • The Special Adviser on Media and Information Strategy, Bayo Onanuga, recalled that Nigeria was already facing a serious fuel crisis in May 2023, with fuel scarcity and long queues across the country.
  • The Nigerian National Petroleum Company Limited (NNPC) owed over ₦4 trillion in unpaid subsidy claims and was unable to pay its foreign suppliers.
  • President Tinubu removed fuel subsidies on his first day in office, leading to an immediate rise in pump prices and efforts by the government to restore fuel supply.
  • The government has rolled out several plans to ease the hardship on citizens, including fixing the foreign exchange system.
  • Onanuga urged Nigerians to give President Tinubu credit for stopping arbitrage in the forex market, which characterized the foreign exchange regime under previous administrations.

Statistics:

  • Nigeria was facing a serious fuel crisis in May 2023, with fuel scarcity and long queues across the country.
  • The Nigerian National Petroleum Company Limited (NNPC) owed over ₦4 trillion in unpaid subsidy claims.
  • The government removed fuel subsidies on its first day in office, and pump prices rose immediately.
  • The government has launched several plans to fix the foreign exchange system and ease the hardship on citizens.
  • The government's efforts to restore fuel supply have been ongoing since May 2023.

Sources:

  • "Bayo Onanuga on the Administration of President Tinubu" (Author: Bayo Onanuga), ARISE NEWS Channel, Friday, [No specific date mentioned].

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