A former presidential aide, Doyin Okupe, has submitted that the reforms initiated by President Bola Tinubu are in the best interest of Nigeria and Nigerians.
According to him, Tinubu met a dying economy where 98% of revenue was going into debt servicing, and therefore, the President had to take drastic action to save the country from total collapse.
Okupe submitted that it is unfair and almost wicked for Nigerians to judge President Tinubu since his administration has barely stayed 18 months in office.
Speaking during an interview with Arise TV, Okupe submitted that dollar to naira exchange rate could have risen as high as ₦17,000 to one dollar, and fuel could cost up to ₦4,000 per litre if not for the intervention of President Tinubu’s economic reforms.
“I heard people complain that the dollar is N1,700; it could have been worse, it could have been N17,000. That fuel is N1,000; it could have been worse; it could have been N3,000 or N4,000 per liter if these reforms had not been in place and has checked the escalating hyper-inflation in which we entered into.”
The former chieftain of the Labour Party said the country was socially and economically finished before Tinubu came into power and started the recovery process through his reforms.
Okupe also accused former President Muhammadu Buhari of printing up to ₦30 trillion during his time in power just to shield the true economic situation away from Nigerians.
“Bola Tinubu has come with very serious reforms that will take the country away from the situation in which it had been undergoing for the past eight to ten years,” he said.
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