Yemi Farounbi, a former ambassador to the Philippines, reportedly voiced compassion with President Tinubu in an article published by the Vanguard. He claimed that the administration had inherited a challenging economic climate from the previous administration, which included excessive spending on crude oil profits. According to him, the current administration is reluctant to acknowledge this fact and make the required concessions, including cutting imports, in order to stabilize the economy.CONTINUE FULL READING>>>>>
He stated that the President’s efforts to be compassionate and humane have proven ineffective, hurting the people and eroding his popularity.
He indicated his understanding of the challenges faced by the administration but also expressed the importance of transparency and decisive action to address the country’s economic issues.
He said, “He (Tinubu) said I’m going govern people with compassion but they suddenly realized that the last administration had spent crude oil money. They don’t want to tell the people this is the reality of the problem they have and that we have to make sacrifices and part of the sacrifices is that we are not going to import because if we reduce our import, dollar will fall.
But, they are shying away from telling us the reality of what they found on the ground and so in trying to be progressively humane, he (Tinubu) finds himself doing things that will hurt and harm the people and make him absolutely unpopular to the people. I feel for him.”CONTINUE FULL READING>>>>>