Former presidential aide Reno Omokri has defended the economic direction taken by President Bola Tinubu, arguing that the administration is correcting the excesses of the past and steering Nigeria toward fiscal responsibility.
Speaking during an interview on Channels Television, Omokri was asked to assess the impact of Tinubu’s economic reforms on the purchasing power and livelihoods of ordinary Nigerians. In response, he argued that while current reforms may be painful, they are necessary corrections after years of unsustainable borrowing and artificial economic cushioning under former President Muhammadu Buhari. “Should we continue borrowing just because we want to give our people artificial luxury?” he asked. “We were borrowing so much under General Buhari. Don’t forget—the reason why Godwin Emefiele is in jail is because he took loans of ₦28 trillion without informing the National Assembly.”
He clarified Emefiele’s current legal status: “He’s in jail. That’s why I didn’t say prison—there’s a difference. When you’re under trial, you’re in jail. When you’ve been convicted, you go to prison. There is a reason why Godwin is in jail—he took loans of ₦28 trillion to artificially inflate the naira.” “We were living in a fool’s paradise,” Omokri said. “Tinubu has taken that away. We are now living within our means. We cannot keep borrowing to give people food—we must produce.”
According to Omokri, the shift under Tinubu is already yielding results. “And we’re now producing. Exports are going up, imports are reducing. We now have a $14.1 billion trade surplus.”
His comments come as Nigerians continue to debate the impact of fuel subsidy removal, exchange rate unification, and rising inflation—all of which have strained household incomes. economy.
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