Former President Muhammadu Buhari is accused by former presidential adviser Reno Omokri of wrecking Nigeria’s economy during his eight years in government.
Nigeria’s debt nearly increased from 18% to 35% of GDP by the time Buhari’s term ended in May 2023.
The legislator from Daura left the inflation rate at 22.4%.
President Bola Tinubu’s government has seen ongoing economic hardship, which has been exacerbated by the elimination of fuel subsidies and a volatile currency rate.
Furthermore, Omokri thinks Buhari should bear the brunt of the blame since, in his words, he managed a criminal organization rather than a government.
In a post he shared on X on Monday morning, Omokri said, “Buhari Destroyed The Economy. Tinubu Is Trying to Restore It. That’s just the honest truth. Even our oil sales are useless to us now, because Buhari sold them in advance and pocketed the money.
“This is because he borrowed more than all past governments combined, until our debt service to revenue ratio was so high that even China stopped lending us money.
“The exchange rate was being subsidised with $1.5 billion every month. What you saw then was not Naira’s actual value.
“Buhari lied to you about our foreign reserve position. Those funds had been used to guarantee loans and purchases. Long and short of it all is that Buhari would have jailed President Jonathan if Dr Jonathan had done half of what Buhari did. Buhari did not run a government. He ran a criminal enterprise that turned his former recharge card selling nephew into an overnight private jet flying multi-billionaire.
“We, in the opposition know this. But some of us are playing politics with it because they lost the 2023 election, and as far as they are concerned, if they did not win, Nigeria must collapse.”