I’m Aware Of Current Hardship – Buhari Speaks On His Crisis-Induced Policies

February 20, 2023
Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

President Muhammadu Buhari said he is aware that his policies have caused hardship for Nigerians and his administration is working on appropriate measures to ease the suffering.

Buhari, in a video recording sent from Addis Ababa, Ethiopia, on Sunday, to support Bola Tinubu, explained that his policies are meant to bring overall improvement to the country. 

Join our WhatsApp Channel

Tinubu is the flagbearer of the All Progressives Congress (APC) in the Presidential election scheduled for Saturday, February 25, 2023. 

Although both Buhari and Tinubu are party members, they have been at loggerheads over the Naira redesign policy of the Central Bank of Nigeria (CBN). 

Tinubu had accused Buhari and the CBN of trying to truncate his chances at the Presidential election due to the crisis caused by the Naira redesign.

Nigerians have been protesting against the Naira redesign which has caused scarcity of the country’s currencies. Banks and Auto Teller Machines (ATMs) have been destroyed in protest against the banks and the APC. 

Addressing the situation, Buhari said: “I want to once again assure you that I am fully aware of the current hardship you are facing as a result of some policies of the government which are meant to bring overall improvement to the country. 

“I am appealing to you to exercise further patience as we take appropriate measures to ease these hardships. God willing, there will be light at the end of the tunnel.” 

Four weeks ago, Prime Business Africa reported that Tinubu described the fuel scarcity and Naira redesign crisis as a ploy to block his chances in the Presidential election.

The former Lagos State governor said the fuel and Naira scarcity has been created to prevent the election from being held.

The Speaker of the House of Representatives, Femi Gbajabiamila, also supported his claim four days ago, stating that nobody can convince him that it is not a plot to stop Asiwaju from becoming the president of Nigeria.

+ posts
FBN Holdings
Previous Story

FBN Holdings Debunks Fake News, Seeks Arrests On Purported ‘N400 Billion EFCC Recovery’

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable
Next Story

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

Featured Stories

Latest from Business

Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Dollar Rate Increases To N1,366/$ In Official Market

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points
John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a
FBN Holdings
Previous Story

FBN Holdings Debunks Fake News, Seeks Arrests On Purported ‘N400 Billion EFCC Recovery’

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable
Next Story

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

Don't Miss

Group Praises Lagos Internal Revenue Service Whistle-blower Initiative

Group Praises Lagos Internal Revenue Service Whistle-blower Initiative

A civil society organisation, Vanguard for Transparency and Accountability, has

Anambra 2025: Ukachukwu Floors Ozigbo, Others, Wins APC Guber Ticket

The All Progressives Congress (APC) delegates have elected Nicholas Ukachukwu