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

NGX Traders Exchange N33.54bn Shares, Market Cap Hits N106trn

After trading on the Nigerian Exchange (NGX), also known as the stock market, closed on Tuesday, January 13, the bourse’s market capitalisation grew to N106.18 trillion. This represents a N1.66 trillion gain in the stock market when compared to the N104.52 trillion
Naira Falls Against Dollar Across FX Markets

Dollar, Pound, Euro Rates Drop In Official Market

The United States dollar (USD) depreciated in value by 0.33 percent against the naira after the official market’s foreign exchange rate dropped to N1,420.25 kobo per $1 on Tuesday, January 13. According to the data from the official market, also known as
Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Fidelity Bank’s Profit Drops By 50% To N87.67bn

Fidelity Bank recorded gross earnings of N 366,11 billion in the third quarter (Q3) of 2025, according to the company’s financial statements for the period ended September 30, 2025. In the statement, Fidelity Bank said gross earnings increased by 8.04 percent during

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies that handle imported goods under a system where duties are paid before delivery, Prime Business Africa reports. The Nigeria Customs Service said the changes affect companies operating under the Delivered Duty Paid
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

Top Crypto Platform Bybit Launches Options Trading

DUBAI, United Arab Emirates, 26 April 2022, /African Media Agency/(AMA) – Bybit, one
NCDMB Butane Energy Boost LPG Supply As Kaduna Plant Is Commissioned 

NCDMB, Butane Energy, Boost LPG Supply As Kaduna Plant Is Commissioned 

The Nigerian Content Development and Monitoring Board (NCDMB) and Butane