Orji Uzor Kalu, Abia North Senator has praised President Bola Tinubu’s bold economic decisions, saying no Nigerian president has ever taken such steps.
Orji Uzor Kalu highlighted Tinubu’s removal of fuel subsidies, a move that former President Olusegun Obasanjo failed to implement during his tenure.
According to Senator Orji Uzor Kalu, Tinubu’s decision to merge the exchange rate and reject the economic policy prescriptions of the World Bank and International Monetary Fund (IMF) demonstrates his commitment to homegrown solutions.
Kalu emphasized that Nigeria’s economic problems are largely caused by local issues, and therefore require local solutions.
Kalu’s comments were made during a gathering at the Arochukwu Local Government country home of Chief Sunday Ugwa.
He urged Nigerians to redefine governance models in Africa and other third-world countries, stressing the need for innovative approaches to address economic challenges.
Tinubu’s administration has indeed taken significant steps to reform Nigeria’s economy.
The removal of fuel subsidies, for instance, was a move aimed at preventing the country from going bankrupt, as Tinubu himself explained during a town hall meeting in Enugu State.
While the decision has led to increased prices of commodities, Kalu’s endorsement suggests that Tinubu’s policies may be yielding positive results in the long run.
