The Bola Tinubu administration has said Nigeria “was on life support” when it came to power in May 2023.
Tinubu said this on Sunday, November 10, in a statement issued by Bayo Onanuga, the president’s special assistant on information and strategy.
President Tinubu insists that he is guiding Nigeria’s ship well. Photo credit: Asiwaju Bola Ahmed Tinubu. Source: Facebook.
The comment came in reaction to criticism from Atiku Abubakar, an influential opposition leader. it partly reads:
“Atiku’s critiques of Tinubu’s presidency are mere harebrained propositions devoid of realistic alternatives.
He must reckon with the decades of mismanaged economy inherited by the current administration, including exorbitant subsidy expenditures far exceeding government earnings from crude oil.
“As of mid-2023, the landing cost of fuel was between N500 and N600, while it was sold nationwide at an average of N200.
The 2023 budget allocated N3.36 trillion for fuel subsidies until June 2023 against a projected N2.23 trillion in oil revenue for the year.
The Nigerian state was on life support.” Legit.ng recalls that Tinubu took over power from Muhammadu Buhari, a man he helped to office in 2015. Both men are allies and members of the All Progressives Congress (APC).
