Peoples Democratic Party (PDP) leader Segun Sowunmi said President Bola Tinubu’s economic policies show he is in disarray.
According to a Naija News report, critics have slammed the president’s moves to end fuel subsidies and float the naira, which has led to an increase in the cost of living.
Sowunmi appeared on Channels Television’s Politics Today on Friday and said Tinubu was confused about economic policy.
“I’m very optimistic and I say to anyone who asks me, ‘If Tinubu can’t understand these things, who will?’ One is, I think he’s confused. ” he said
The PDP leader said: “I don’t understand what the people of the CBN are doing compared to the value of the currency.They are saying that by floating the currency, in their imagination, Nigeria’s currency will become toilet paper. Is that so?”
“Oil prices have increased from about 200 Naira per liter since May 2023 to about 1,000 Naira at present.
“The Nigerian National Petroleum Corporation (NNPCL) has fixed the price of the commodity at N855 per liter to N897 per litre, although prices are expected to come down with the commissioning of the Dangote refinery.”
“What exactly is the science and commerce of pricing gasoline when it is refined in your country?
“I’ve been reading a lot about how to get around this pricing, but the research is still ongoing. Once that’s done, I’ll put something out there that I can consider.”
