Former Akwa Ibom State Governor, Obong Victor Attah has commended President Bola Tinubu for stabilizing the naira and successfully ending the fuel subsidy regime.
Speaking on Arise News from 6:28, Attah acknowledged the current economic challenges but pointed to these two key achievements as evidence of progress.
Attah’s analysis offered a nuanced perspective on the government’s approach. While recognizing the pain caused by the new policies, he credited the administration for tackling long-standing issues.
He said, “To be honest with you, he has stabilized the naira even though it is at an exchange rate that we could never dreamt of,” Attah stated, adding, “but the naira has been stable and improving in value and the subsidy scam has been taken away.” His comments highlight a pragmatic view that prioritizes long-term economic health over immediate political popularity.
The former governor’s praise for the naira’s stability comes amid a period of significant volatility and a record-low exchange rate. Attah’s point suggests that despite the high cost, the predictability and gradual improvement in the currency’s value are a positive development. Similarly, his reference to the “subsidy scam” speaks to the decades-long corruption and inefficiency that plagued the oil sector, which the current government has pledged to eliminate.
Attah’s commentary provides a clear distinction from the common criticisms, which often focus solely on the immediate hardships.
