President Tinubu Inherited Terrible Economic Situation – Oshiomhole

A former National Chairman of the All Progressives Congress (APC) and current senator representing the Edo North Senatorial District, Adams Oshiomhole on Tuesday declared that President Bola Tinubu inherited a Nigerian economy that was already in a terrible situation.

The former Edo State Governor made the submission while speaking to newsmen shortly after a closed-door meeting with Vice President Kashim Shettima.

Oshiomhole however appealed to Nigerians to exercise some patience with the Tinubu government as the President was already taking steps to revamp and reposition the economy.

He added that both Tinubu and Shettima are taking courageous steps toward ending corruption in the system.

In his words, “The government inherited a terrible economic situation, everybody knows it. The government inherited an economy in which the total national revenue was barely enough to service our debt burden. Spending 96 percent; which is to say every one hundred naira Nigeria earns, ninety-six kobo is to pay debt.”

President Tinubu Gives Fresh Update On Hike Of Fuel Price

President Bola Ahmed Tinubu has assured Nigerians that there will be no increment in the price of fuel.

He disclosed that his administration is already taking steps that would ensure there is no increase of fuel prices in the country without having to reverse the nation’s decision to exit the subsidy regime.

Tinubu gave the assurance on Tuesday while addressing newsmen in the Presidential Villa, Abuja via his Special Adviser on Media and Publicity, Ajuri Ngelale.

According to Ngelale, Tinubu is taking steps to clean up inefficiencies within the petroleum industry.

Speaking further, Ngelale stated that the threat by the Nigerian Labour Congress (NLC) to go on an indefinite nationwide strike if the prices of PMS increased was premature, urging all stakeholders to be circumspect in reacting to the current situation in the country.