In a significant turn of events that has reignited discussions on Nigeria’s economic strategies, Paul Ibe, the media adviser to Atiku Abubakar, the former presidential candidate of the People’s Democratic Party (PDP), voiced his criticism through a post on his X account. Ibe’s critique focused on the Nigerian government’s controversial decision to print additional Naira, despite the lack of corresponding growth in national productivity. This policy has raised alarms among economists and policymakers, given its potential to fuel inflation and undermine the value of the Naira.
In his critique, Ibe unexpectedly targeted Wale Edun, pointing out a marked shift from Edun’s previously perceived inactivity within the administration, described metaphorically as being “like oku eko” or “frozen fish,” to his current vocal opposition to the government’s economic policy. This opposition was vividly likened to “bleating like a goat,” signaling a drastic change in Edun’s stance on the matter.
Moreover, Ibe implicated Bola Ahmed Tinubu (@officialABAT), suggesting that Tinubu had played a pivotal role in advising President Muhammadu Buhari to embark on this “irresponsible path” of expanding the currency supply without a proportional increase in productivity back in 2020. This claim adds another dimension to the controversy, revealing the complex dynamics and influences at play within Nigeria’s political landscape concerning economic decision-making.
The revelations by Ibe have sparked a renewed debate on the efficacy and consequences of Nigeria’s economic policies, especially in light of the challenges posed by inflation and economic stability. As the discussions unfold, the focus on individuals like Edun and Tinubu, alongside the critique of the government’s approach, underscores the broader concerns over the direction and management of Nigeria’s economy in these turbulent times.