Adebayo Knocks Tinubu over fuel hike

Candidate of the Social Democratic Party (SDP) in the 2023 presidential elections, Prince Adewole Adebayo, has decried the pains of Nigerians over the pump price hike, describing theTinubu  administration as nothing more than a badly run fuel station. Writing on his official X handle, @Pres_Adebayo, he said: “The Administration of @officialABAT is nothing more than […]

Candidate of the Social Democratic Party (SDP) in the 2023 presidential elections, Prince Adewole Adebayo, has decried the pains of Nigerians over the pump price hike, describing theTinubu  administration as nothing more than a badly run fuel station.

Writing on his official X handle, @Pres_Adebayo, he said: “The Administration of @officialABAT is nothing more than a badly run fuelling station in which virtually everyone is jostling to be a price gouger rather than a government as stipulated in Chapter 2 of the 1999 Constitution of the Federal Republic of Nigeria to grow the economy.”

He also accused the APC and the Peoples Democratic Party (PDP) of breaching the oath of office, saying, “Failure of @OfficialAPCNg and @OfficialPDPNig to observe the fundamental objectives and directive principles of state policy is a breach of the oath of office and an albatross.”

He wondered why Nigerians should languish in penury and the economy allowed to collapse when the solution is not far-fetched.

He said: “How can the people languish in penury and the economy collapse into doldrums when we have the solutions firmly in our hands? “Macroeconomics is neither witchcraft nor rocketry.”

He said, “All that is required is data fed development planning anchored on rational choices in line with broad principles and set targets that lower costs of factors of production and increases capacity for productivity and Naira as a store-of-value currency and a fiscal policy and monetary management that orientate allocative efficiencies to reward delayed gratification by way of multidimensional investments.

“It means full employment of labour and other factors is sacrosanct. We cannot leave our people behind and hope to achieve prosperity. Enough word for the wise.”