Prominent Financial Analyst Challenges Tinubu’s Independence Day Claims as Misleading and Invalid
In a scathing critique, Kalu Aja, a prominent financial analyst and educator, has accused President Bola Tinubu of disseminating inaccuracies and falsehoods in his Independence Day speech, particularly concerning economic matters. The President’s assertion that the previous administration’s N30 trillion “ways and means” advance from the Central Bank of Nigeria had been settled has drawn significant skepticism from Aja.
In his post on X, Aja questioned how the President could confidently declare the clearance of the ways and means loan and claimed that Nigeria had attracted over $30 billion in foreign direct investment (FDI) within the last year. He emphasized the importance of precise communication, stating that the speech was filled with “gross lies and falsehoods,” which could easily be fact-checked.
Aja further underscored the potential repercussions of such statements on Nigeria’s international reputation, particularly among investors and multinational agencies. He highlighted the inconsistency between the claimed FDI inflow and Nigeria’s foreign reserves, which are reportedly around $37 billion, as well as the depreciating currency.
