Again, Tinubu denounces the Buhari regime for the falling naira

All Progressives Congress presidential candidate Bola Tinubu has criticized the regime of the president, Major General Muhammadu Buhari (retd.), for the depreciation of the naira.

This comes a few days after Tinubu also criticized the ongoing fuel scarcity and naira swap policies of the Central Bank of Nigeria under the Buhari regime.

However, the APC denied that the outburst was not against the president, but against the People’s Democratic Party. Tinubu has also said he would continue to support Buhari.

Speaking at the APC presidential campaign rally in Calabar, Cross River State on Tuesday, Tinubu said that when the regime took over, the naira-dollar exchange rate was about N200 per dollar, but fell to about N800 per dollar in the parallel market.

“Today they have moved the exchange rate from N200 to N800. If they fixed it, if they arrested this, we wouldn’t be where we are today, we would be bigger.

“They don’t know the way, they don’t know how to think, they don’t know how to act,” Tinubu said.

The PUNCH reports that in Calabar, Tinubu vowed to create jobs for the teeming unemployed youth if he were elected president in the upcoming general election.

He made the pledge to a huge crowd of supporters at his campaign rally at UJ Esuene Stadium, Calabar on Tuesday.

He also pledged to make Nigeria prosperous, adding: “Our economy is not helpfully designed to export raw materials and import increasingly expensive finished products.”

“Crude oil still provides the bulk of our foreign exchange and agriculture has traditionally been and will continue to be the backbone of this country.

“However, we must recognize the growing importance of our urban population, which is over 50 percent, about 100 million people under our government.

“Our cities and towns will witness a level of industrial activity unprecedented in the history of our country.

“Young people will become the main catalyst for economic recovery. The allocation of revenue between federal and state governments will be adjusted to give states more flexibility to promote grassroots economic development.

“Our government will prioritize boosting industries vital to national development by growing our industrial base to provide jobs for a growing urban population,” he said.