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

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Fidson Healthcare saw a 55.83 percent increase in its revenue, which stood at N93.08 billion for the period between January and September 2025, compared to the N59.72 billion generated in 2024. In the company’s unaudited report and financial statements for the period

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99
NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Over N118.37bn Added To Nigerian Stock Market Cap

Guinness led the gainers’ list on the Nigerian Exchange (NGX) on Wednesday, December 24, and Legend Internet topped the losers’ table as the stock market capitalisation increased by N118.37 billion. According to NGX, the stock market capitalisation grew to N97.89 trillion, from
Naira and dollar exchange

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in
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

enJEslim aHMNR

Nigerians Want Action, Not Statement On Security Matters – House Committee Chairman On Information, Rotimi

Chairman House Committee on Information and Public Affairs, Honourable Akin
Global Protests Call For End To Gaza Conflict

Red Cross Temporarily Quits Gaza Over Escalating Hostilities

The International Committee of the Red Cross (ICRC) says it