A former Presidential spokesperson, Dr Doyin Okupe, says
President Bola Tinubu has not disappointed Nigerians in his address to the
nation on the nationwide protests on Sunday.
Okupe, a former Director-General of the Labour Party (LP)
Presidential Campaign Council, made this while reacting to the president’s
broadcast on Sunday.
“President Bola Tinubu’s speech has not disappointed
Nigerians in that for the first time, the president clearly stated the daunting
economic situation his administration met on ground at inception.
“He also amplified the strenuous efforts made by his
government to reduce the prevailing crippling and stagnating debt servicing
ratio from 97 per cent of earned revenue to 68 per cent.
“In truth, this has been the major cause of our present
economic woes and sufferings.
“It is now self-evident that if the fuel subsidy was not
removed, it would have been impossible for the government to function.
“And the government will not be able to meet its
obligations, without continuing the profligacy of massive and sustained
borrowing to fund the subsequent national budgets,” Okupe said.
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