The Human Rights Writers Association of Nigeria (HURIWA) has sharply criticized President Bola Tinubu’s recent economic policies, alleging that they undermine Nigeria’s sovereignty.
In a press statement, HURIWA highlighted the stark contrast between Tinubu’s current policies and his earlier stance against similar measures under former President Goodluck Jonathan’s administration.
The association recalled that during Jonathan’s administration, Tinubu, and other prominent figures, including then-opposition leader Muhammadu Buhari, fiercely opposed the IMF and World Bank’s recommendations such as the removal of subsidies and the devaluation of the Naira, arguing that these policies would harm Nigeria’s economic stability and undermine the nation’s sovereignty.
HURIWA stated, “However, since taking office, Tinubu has adopted and intensified these very policies, leading to accusations of hypocrisy from various quarters.
“Critics have criticized Tinubu for this reversal, labeling it a betrayal of his earlier principles. According to them, Tinubu’s current endorsement of the IMF and World Bank measures, which he previously opposed, represents a significant departure from his earlier stance and effectively compromises Nigeria’s economic independence.”
This shift has drawn accusations of hypocrisy and betrayal from various quarters, as critics argue that Tinubu’s endorsement of IMF and World Bank measures marks a significant departure from his earlier principles and compromises Nigeria’s economic independence.
The association stressed that aligning Nigeria’s economic strategy with foreign interests weakens the country’s financial sovereignty, ceding control of its financial system to external forces. This move, HURIWA argues, diminishes Nigeria’s economic autonomy and subjects it to international economic pressures.
Furthermore, HURIWA linked these economic policies to broader security concerns, arguing that the failure of Nigeria’s security agencies to effectively protect the country’s borders is directly related to the administration’s economic strategies. The association contended that inadequate border security has allowed armed non-state actors and criminals to infiltrate Nigeria, further threatening its sovereignty.
HURIWA urged the government to adhere to the Central Bank of Nigeria (CBN) Act, which mandates the stabilization of the Naira.
The association emphasized that protecting the national currency is crucial for maintaining Nigeria’s economic sovereignty and stability. Additionally, HURIWA called for improved border security measures to prevent the infiltration of terrorists, arms smugglers, and other illicit actors.
Drawing comparisons with countries like the United States, Canada, Australia, and the United Kingdom, HURIWA noted that these nations have successfully defended their economic and territorial sovereignty by prioritizing national interests and maintaining strong control over their economic systems and borders.
HURIWA added, “These countries have implemented policies that prioritize national interests, maintaining strong control over their economic systems and borders. For instance, the United States has resisted external pressures to devalue the Dollar, ensuring a stable currency that supports its economic strength. Similarly, Australia and Canada have fortified their borders against illegal entries, safeguarding their territorial integrity.”
HURIWA further argued that Nigeria’s political leaders should adopt similar strategies to protect both economic stability and national security.
The association suggested that by resisting foreign-imposed economic measures and focusing on strengthening border protection, Nigeria can safeguard its sovereignty and ensure a more secure and prosperous future.
The statement further stated, “HURIWA’s criticism of Tinubu’s policy reversal underscores the broader implications of adopting IMF and World Bank directives. Our call for adherence to the CBN Act and the enhancement of border security highlights the interconnectedness of economic policies and national sovereignty.
“As Nigeria faces ongoing economic and security challenges, Our recommendations offer a pragmatic approach to achieving stability and defending the nation’s interests against external influences.”
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