APC: Atiku’s Economic Plan A Rehash Of Disastrous Policies From PDP Era

The All Progressive’s Congress (APC) has described Former Vice President Atiku Abubakar’s relentless condemnation of the policies of the Tinubu administration as hypocrisy taken too far.

National Publicity Secretary of APC, Felix Morka, in a statement, said since Atiku’s electoral loss in 2023, the presidential candidate of PDP had been restless.

Morka stated, “His unabated wholesale condemnation of every policy initiative of President Bola Ahmed Tinubu was punctuated, last Sunday, by a statement of what he would have done differently to solve our country’s challenges and transform Nigeria, had he been elected President.

“Atiku’s policy prescription was a disappointing rehash of more of the same old disastrous policy approaches that brought our country to its knees, to begin with, under the PDP’s long rule.

“While conceding that he would have removed fuel subsidy and eliminated the multiple exchange rate regimes, Atiku offered an implementation plan that regurgitates the same tired and ineffective ideas that turned widespread corruption, inefficiency, and economic stagnation as pillars of state policy under successive PDP administrations.”

Morka added that Atiku’s policy offering starkly failed to acknowledge complex contradictions, past mistakes and the extreme urgency of the moment.

He stressed that his gradualist approach to subsidy removal and foreign exchange reforms had been tested before and failed to produce any significant outcomes.

Morka said Atiku’s preferred managed-floating system unfairly favoured opportunists and cronies, who exploited and fleeced the system for personal gain to the extreme detriment of the Nigerian people.The APC spokesman stressed, “Atiku’s gradualist model did not address Nigeria’s problems of old, did not fundamentally alter the structure of our economy, and cannot address our current, more complex, challenges.

“In a rational manner, the Central Bank of Nigeria (CBN),has continued to intervene in the foreign exchange market, to provide some liquidity and reduce pressure on our local currency.

“Atiku’s proposed Economic Stimulus Fund and Infrastructure Development Unit is opaque, lacking clarity and concrete implementation plans.

“He touts his five-point agenda that aims to restore unity, rebuild the economy, tackle insecurity, and provide qualitative education but bare on detail of how these may be achieved.

“It is now clear for all to see that Atiku’s stale policy prescription has got nothing on the robust economic policy framework now under implementation by President Tinubu’s administration.”

Chuks Okocha and Adedayo Akinwale

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