AFRICA

Tinubu Can’t Revive Economy Without Holding Buhari’s Ministers Accountable, Obasanjo’s Former Aide Says 

Former Special Adviser to President Olusegun Obasanjo on Research, Dr. Umar Ardo, has said that there cannot be any economic resuscitation in the country without bringing in the ministers and other aides of former President Muhammadu Buhari to account for their tenure in office.

In a statement he issued on Saturday, Ardo who was also a close associate of former Vice President Atiku Abubakar, said Nigerians should know in whose interest the over $72 billion debts incurred under former President Buhari were incurred.

He explained that Nigerians must know how such loans impacted the economy.

Ardo who was also the governorship candidate of the Social Democratic Party (SDP) in Adamawa State in the last general election, said that no matter what President Tinubu does in terms of resuscitating the economy, the foundation will remain faulty.

 “There can be no resuscitating of the Nigerian economy by Tinubu’s administration without first bringing the previous Buhari regime to account for certain fundamental actions occasioned by it that are central to the current economic downturn.

“These include the depleting of the nation’s foreign reserves; the incurring of huge debts, running to $72 billion; the printing of trillions of naira; and the prima facie obscene embezzling of public funds by its key functionaries. With suffocating debts, interests, servicing and payments,” he said.

Ardo explained that these fundamental issues combined to create the economic and social collapse of the country.  

He said, “if President Tinubu is to resuscitate the economy, he must first have to deal with these fundamentals.

“Are we going to continue servicing the interests and paying back these debts? Of course, we are. But why? Were these debts incurred in the interest and for the benefit of the Nigerian economy?

“If yes, then why have they drawn us into this messy economic situation? Obviously, something fundamentally wrong happened either in the loans’ terms, in the usage of the facilities, or both.

“Whatever it is, the Tinubu regime must have to find out and resolve the defects if it must fix the economy and build a solid future for the country. And the only way to do it is to bring the Buhari government to account for these fundamentals,” Ardo added.

Chuks Okocha

Follow us on:

AriseNews

Recent Posts

Emami: Itsekiris Deserve Political Patronage From Tinubu Government

Chief Ayiri Emami has urged President Tinubu to grant political roles to Itsekiris, highlighting their…

1 min ago

Ekiti Governor Appoints Justice Ogunmoye as Acting Chief Judge Following Justice Adeyeye’s Passing

Governor Oyebanji has named Justice Lekan Ogunmoye as Ekiti’s Acting Chief Judge following the death…

9 mins ago

Atiku Mocks Tinubu’s Administration + Remi Tinubu To Lead National Prayer Over Hardship + Trending With Ojy Okpe

https://www.youtube.com/watch?v=4hO0t4ncNv4 It’s Election Day in America, and as Americans head to the polls to vote…

3 hours ago

APC to Atiku: You Are Africa’s Most Infamous Election Loser

"Make no mistake. Atiku is Africa’s most infamous presidential election loser.” APC National Publicity Secretary…

4 hours ago

Gallant Ousted as Defence Minister, Netanyahu Cites Deteriorating Trust

Israeli Prime Minister Netanyahu has dismissed Defence Minister Gallant, citing a lack of trust amid…

4 hours ago

NNPC Calls For Greater Collaboration, Transparency In Global Decarbonisation Efforts

NNPC has called for collaboration and transparency in global decarbonisation, highlighting Africa’s challenge of reducing…

4 hours ago