Veteran actor and politician Kenneth Okonkwo has criticised President Bola Tinubu’s economic reforms, arguing that the administration’s claims of economic progress do not reflect the realities faced by Nigerians.
Okonkwo, who serves as the campaign spokesperson for African Democratic Congress (ADC) presidential candidate Atiku Abubakar, described the administration’s macroeconomic figures as misleading, saying the reported gains had yet to translate into improved living conditions for citizens.
He made the remarks in a statement posted on his đť•Ź account on Sunday.
According to him, the government’s reported economic achievements have not translated into tangible benefits at the household level, despite the administration’s claims of progress.
Okonkwo also argued that the administration’s reported attempt to restore fuel subsidy amounted to an admission that its economic policies were not delivering the desired results.
He accused the government of implementing policies that, in his view, worsen economic hardship for ordinary Nigerians while benefiting the wealthy and powerful.
“Notable citizens have maintained that the macroeconomic figures have not cascaded downwards to the microeconomic level. This simply means that all the grammar by the President on his achievements has not yet reflected positively in the lives of the citizens of Nigeria,” he said.
He further argued that any attempt to restore fuel subsidy demonstrated that the administration’s economic gains had not sufficiently improved citizens’ welfare.
“Any macroeconomic index, which does not manifest in a positive microeconomic variable, is a manipulation of economic indices to scam the people through amassing illicit wealth for the rich and powerful class,” Okonkwo wrote.
His comments add to the political debate over the impact of the Tinubu administration’s economic policies, particularly their effects on fuel costs, household purchasing power and the cost of living.
The presidency’s position on the specific allegations was not included in t
he statement provided.
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