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    Home»News»Staunch supporters at Tinubu’s jugular to cushion economic hardship
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    Staunch supporters at Tinubu’s jugular to cushion economic hardship

    straightnewsng.comBy straightnewsng.comOctober 3, 2024 --- 11:47 pmUpdated:November 8, 2024 --- 8:13 amNo Comments4 Mins Read
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    President Bola Tinubu - Straightnews
    President Bola Tinubu
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    By Straightnews

    Two staunch supporters are at the jugular of President Bola Tinubu to rise and cushion economic hardship facing many in the country. 

    They are Babajide Kolade-Otitoju, currently the Group Head, Current & Public Affairs of News (TVC News) at TVC Communications, Lagos and Joe Igbokwe, a chieftain of the All Progressives Congress (APC). 

    Kolade-Otitoju wrote “We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion.

    ‘‘We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills….”

    Kolade Otito-ju who is known for supporting Tinubu noted ‘‘Yes, good achievements. But with cost of living rising and hunger so pervasive, the masses will not reckon with these giant strides.’’

    Joe Igbokwe, a chieftain of the All Progressives Congress (APC), has again lamented the outcome of the economic policies of the President Ahmed Bola Tinubu-led administration.

    Igbokwe, who is known for supporting President Bola Tinubu, had last week been critical of some policies of the current administration.

    It is gathered that this is the third time in weeks that Igbokwe, a Lagos- based south easterner, would criticise the economic interventions of the president.

    In early September, the APC chieftain had ranted about the new electricity tariff in the country urging the president to intervene.

    In the Facebook post, Igbokwe had pleaded with the president to “please look into the new electricity tariff in Nigeria.

    “It will kill businesses if the government does not act as quickly as possible. I have a small office in Surulere with about 7 units of AC.

    “We used to buy 300 plus units for N20,0000. Yesterday we bought N20,000 worth of units and it lasted for just one day. They call it band A group. I pray that we review this”, he said.

    Last week, he said the fuel crisis has shown that those who would rescue Nigeria have not been born.

    But Monday, Igbokwe again returned to Facebook querying while the Nigerian currency is among the weakest in Africa and beyond despite our wealth.

    “Please can anybody help me to answer this question? Why is the Nigerian Currency among the weakest in Africa and beyond despite our wealth, size, population, education, material resources, industry, landmass, good weather etc?”, he asked.

    His comment has already sparked reactions online with many responders directing him to his “political godfather[

    One of them, Ahmed Anifowoshe, said “I’m sure you should have access to your boss, Mr John Doe, better direct your query to him. He in his wisdom devalued the Naira on the orders of his paymasters the World Bank and the IMF.

    Another respondent said, “Mr man the answer is simply bad leadership which you have been part of, supporting evil to destroy the country and economy for ur own selfish interest.”

    Moreover, Igbokwe has insisted that those who will rescue Nigeria are not yet born.

    Igbokwe made the remark in the wake of the high cost of food prices in the country.

    Posting on Facebook, the APC chieftain lamented that the cost of a bag of rice has risen to N100,000.

    “With all the rice mills we have in Nigeria, my wife just told me that a bag of rice is now N100k plus.

    “Without sounding immodest, I am constrained to say that the men and women that will rescue this country from self-inflicted pains and tears are not born yet,” he wrote.

     

     

     

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