Catholic Bishops Liken Tinubu’s Policies To Former Dictator Babangida’s Failed Economic Policies
This was stated at the Bishops’ plenary meeting in Auchi, Edo state on Sunday.
The Catholic Bishops Conference of Nigeria (CBCN) has said the recent social intervention programmes of President Bola Tinubu’s administration may not work.
This was stated at the Bishops’ plenary meeting in Auchi, Edo state on Sunday.
President of the Catholic body, Most Rev. Lucius Iwejuru Ugorji, the Archbishop of Owerri and also the President Catholic Bishop Conference of Nigeria, noted that the current policies implemented by the Tinubu-led administration are similar to those implemented by former military dictator General Ibrahim Babangida regime which admittedly failed.
“Despite his rigorous efforts to mitigate its harsh effects through setting up the Directorate for Food, Roads and Rural Infrastructure, DFRRI; Better Life for Rural Women; and Mass Transit initiatives, the implementation of SAP triggered massive social and economic upheaval,” he said.
“At the end, Retired General Babangida in an interview with Channels TV in 1992, disclosed that his administration’s economic policies had failed and that the Nigerian economy had defied every conventional solution.”
“Given that the ‘shipwreck’ of one man should be the ‘ship-guide’ of another, the present administration of Mr. President may consider reviewing its own economic reform policies with more openness to the insightful contributions of highly respected compatriots,” he added.
Nigeria suffers from inflation and rising food costs under President Tinubu’s administration, a development that has worsened hardship for Nigerians.
