Governor Uzodimma disagrees with the notion that President Tinubu’s initiatives are ineffective.
Hope Uzodinma, the governor of Imo State, and All Progressives Congress presidential candidate Bola Tinubu. (APC) All Progressives Congress presidential candidate Bola Tinubu and Imo State governor Hope Uzodinma. (APC) – Imo State Governor Hope Uzodimma claims that certain cabals, having lost money on the fuel subsidy scheme, are determined to thwart President Bola Tinubu’s economic policies.
Fuel subsidy removal was announced by President Tinubu during his inauguration speech in May 2023. The nation-wide price of gasoline and other goods increased at an unprecedented rate as a result of this development.
In June 2023, as part of his economic reform initiatives, the president also unified the exchange rate.
However, as inflation soars and the value of the naira plunges to an all-time low compared to the US dollar, many Nigerians have been bemoaning and complaining about the president’s economic policies.
Governor Uzodimma, however, disagrees with the assertion that President Tinubu’s policies are ineffective.
Speaking on Sunday, January 28, 2024, on Channels TV’s Politics Today, the governor of Imo State claimed that certain cabals are impeding the president’s policies.
He claims that because the president stopped the cabals’ plans to embezzle the country’s wealth, they are undermining the policies and becoming rich overnight through the subsidy scheme.
“The truth is that some cabals who became extremely wealthy overnight and billionaires over night are profiting from the recently eliminated subsidy, which is detrimental to Nigerians,” he stated. However, President Bola Ahmed Tinubu demonstrated concern for the needs of the local populace.
In the name of subsidies, some billionaires have constructed castles all over the world and purchased private jets.
“What we are expressing is, how can we strengthen our economy to bring back the naira, which was once valued more highly than the dollar?”
According to Uzodimma, Tinubu’s economic policies have the potential to strengthen the Nigerian currency in relation to the dollar, which is currently valued at approximately ₦1400 to $1. However, he notes that the president’s policies are still in their early stages.
“There is a stage in the economic recovery process known as the infancy stage. He has formulated a plan that will restore the naira’s strength. Additionally, there will be early difficulties; the cabals will try to impede it and undermine it.However, we need more time, and time will tell.
The president said that he is not a magician in response to a question about how long it will take Nigerians to benefit from his economic policies.
Your vote was not cast for a magician. “You chose a visionary leader in the governor,” he answered.