Bola Tinubu stated on Thursday that he inherited a Nigeria on the brink of bankruptcy following Muhammadu Buhari’s eight-year tenure.
“Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse,” Mr Tinubu said during a meeting with a group of supporters at the State House in Abuja.
The Nigerian leader has faced criticism for mismanaging the economy as inflation surged nationwide, particularly affecting consumer goods.
A development analyst attributed the crisis primarily to the president’s decision to remove subsidies on essential petroleum products.
Muhammadu Buhari was the first politician elected president under the All Progressives Congress (APC) platform, serving two four-year terms from 2015 to 2023.
He handed over power to Bola Tinubu, also of the APC, asserting in his final days in office that he had improved the nation’s socio-economic conditions during his tenure.
READ ALSO: APC Govt Under Tinubu Has Done Well as Promised to Continue From Where Buhari Stopped – Peter Obi
Despite remaining key political allies, Buhari reaffirmed his loyalty to Tinubu and the APC in a statement on Thursday, following speculation that he was considering joining an emerging coalition to challenge Tinubu in the 2027 election.
It remained unclear how Tinubu’s remarks would be received by Buhari, who now resides in Kaduna after leaving office.
A spokesman for the former president did not immediately respond to a request for comment on Tinubu’s statement Thursday night.
A State House press release assured citizens that economic conditions would continue to improve, noting that inflation had shown signs of easing in recent months.
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