The Senator representing Abia North, Orji Uzor Kalu, has stated Chief Bola Tinubu is implementing bold decisions that former Nigerian leaders were unable to take.
Speaking on Monday at the Arochukwu Local Government country home of Chief Sunday Ugwa, Kalu highlighted Tinubu’s removal of fuel subsidy and the unification of the exchange rate as significant steps toward economic reform. The statement was issued by Kalu’s media aide, Kenneth Udeh, in Abuja.
Kalu commended Tinubu for rejecting economic policy prescriptions from international financial institutions such as the World Bank and the International Monetary Fund (IMF), advocating instead for homegrown solutions to address Nigeria’s economic challenges.
Kalu stated, “Tinubu removed subsidy which former President Olusegun Obasanjo refused to do and he merged the exchange rate.
“We need to redefine governance models in Africa and some third world countries.
“We must not accept all the recommendations of the World Bank and IMF, most of them are wrong.
“We must use homegrown policies to solve our economic problems, because the majority of our problems are caused by local issues.
“The kind of decisions Tinubu has been taking are the ones no President in the history of this country dared implement, but we all know deep within ourselves that those decisions are inevitable if we truly want to prosper as a nation,” he added.
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