A heated exchange unfolded between the Presidency and former Vice President Atiku Abubakar regarding the economic strategies of the Tinubu administration. Atiku criticized President Bola Tinubu's management of the foreign exchange crisis, accusing him of implementing policies hastily and without proper consultation.
Atiku, also a 2023 presidential candidate, argued that Tinubu's administration failed to present effective measures to tackle issues such as currency fluctuation and poverty. He highlighted what he perceived as a lack of foresight and consultation in the formulation of the foreign exchange management policy.
On the other hand, the Presidency, through Special Adviser Bayo Onanuga, vehemently refuted Atiku's claims, labeling them as lies and displaying a misunderstanding of the administration's efforts. The Presidency emphasized the successes recorded in capital inflows under the Central Bank's management, attributing them to the policies implemented.
Furthermore, the Presidency criticized Atiku for misrepresenting the agenda of a recent meeting between President Tinubu and state governors, clarifying that the discussion primarily centered on food supply and security measures to reduce food prices. They highlighted initiatives aimed at boosting food production and addressing hoarding practices.
In response to Atiku's critique on currency fluctuation, the Presidency reiterated the autonomy of the Central Bank in handling monetary policies and urged governors to refrain from interfering in its affairs.
Overall, the clash underscores differing perspectives on economic management and policy effectiveness between the Presidency and Atiku Abubakar, setting the stage for further debate on Nigeria's economic direction.
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