Former National Human Rights Commission Chairman Prof. Chidi Odinkalu has attacked President Bola Tinubu’s economic reforms, arguing that the country’s lack of production—rather than the reforms—is the real source of foreign exchange shortages. Sarcastically, he pointed out that productivity is hampered by the government’s frequent designation of public holidays, including the prolonged Eid festival.CONTINUE FULL READING>>>>>
He also pointed out the irony of ending petroleum subsidies while maintaining a N90bn Hajj subsidy, implying that the government’s economic policies are inconsistent and ineffective.
Overall, he believes that the major economic policies have been reversed, suggesting that the reforms have not achieved their intended goals.
Image used for illustration.
In a recent interview with Punch News, Chidi Odinkalu said: “The supply is short because the country is not producing enough to earn forex. But how can we produce when the government is busy administering public holidays? Remember that for the last Eid, Nigeria began the holiday one day before Saudi Arabia and even added one more day to the bargain on top of the two days officially proclaimed. In the end, one full week was lost celebrating the Eid. We are ending petroleum subsidy but funding Hajj subsidy to the tune of N90bn. So, in summary, the major economic policies have been walked back.”CONTINUE FULL READING>>>>>