{"id":119924,"date":"2024-05-28T20:07:46","date_gmt":"2024-05-28T19:07:46","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies"},"modified":"2024-05-28T22:28:23","modified_gmt":"2024-05-28T21:28:23","slug":"apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies","title":{"rendered":"APC reacts to Obasanjo\u2019s verdict on Tinubu\u2019s \u2018wrongly implemented\u2019 policies"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The ruling All Progressives Congress, APC, said it was good that ex-President Olusegun Obasanjo hailed the removal of fuel subsidy and harmonization of the FX rates by President Bola Tinubu.<\/p>\n

The ruling party said this while reacting to Obasanjo\u2019s recent criticism of some of Tinubu\u2019s policies.<\/p>\n

While noting that the tough policies needed to put the nation on track would undoubtedly have some immediate harsh effects, it said the Tinubu-led Federal Government had taken steps to mitigate such impacts.<\/p>\n

Obasanjo had in a statement on Sunday said some of Tinubu\u2019s key policies were necessary but wrongly implemented.<\/p>\n

He particularly stressed that Tinubu\u2019s policies on fuel subsidy removal and exchange rates had adversely affected the Nigerian economy.<\/p>\n

According to Obasanjo, the effects of the policies are pushing foreign investors away from Nigeria.<\/p>\n

He argued that \u201cthe present administration has not found the right way to handle the economy to engender confidence and trust for investors to start trooping in\u201d.<\/p>\n

\u201cToday, the government has taken three decisions, two of which are necessary but wrongly implemented and have led to the impoverization of the economy and of Nigerians. These are removal of subsidies, closing the gap between the black market and official rates of exchange and the third is dealing with a military coup in Niger Republic,\u201d Obasanjo added.<\/p>\n

However, the APC said that the policies were necessary, as rightly stated by the former President.<\/p>\n

A statement issued by APC spokesman, Felix Morka, said, \u201cObasanjo rightly agreed that the policy of fuel subsidy removal and harmonisation of the FX rates are very good policies.<\/p>\n

\u201cGovernment is now taking the step to right the impact of the two major policies which although healthy and necessary have impacted on the citizens.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The ruling All Progressives Congress, APC, said it was good that ex-President Olusegun Obasanjo hailed the removal of fuel subsidy and harmonization of the FX rates by President Bola Tinubu. The ruling party said this while reacting to Obasanjo\u2019s recent criticism of some of Tinubu\u2019s policies. While noting that the tough policies […]<\/p>\n","protected":false},"author":84,"featured_media":119923,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[1570,2140,34,254,479,945],"class_list":["post-119924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-parties","tag-africa-press","tag-africa-press-nigeria-2","tag-apc","tag-nigeria","tag-obasanjo","tag-tinubu"],"yoast_head":"\nAPC reacts to Obasanjo\u2019s verdict on Tinubu\u2019s \u2018wrongly implemented\u2019 policies - Nigeria<\/title>\n<meta name=\"description\" content=\"The ruling All Progressives Congress, APC, said it was good that ex-President Olusegun Obasanjo hailed the removal of fu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APC reacts to Obasanjo\u2019s verdict on Tinubu\u2019s \u2018wrongly implemented\u2019 policies\" \/>\n<meta property=\"og:description\" content=\"The ruling All Progressives Congress, APC, said it was good that ex-President Olusegun Obasanjo hailed the removal of fu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T19:07:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T21:28:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1716915194.930198.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"718\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"APC reacts to Obasanjo\u2019s verdict on Tinubu\u2019s \u2018wrongly implemented\u2019 policies\",\"datePublished\":\"2024-05-28T19:07:46+00:00\",\"dateModified\":\"2024-05-28T21:28:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1716915194.930198.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"APC\",\"Nigeria\",\"Obasanjo\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Parties\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-reacts-to-obasanjos-verdict-on-tinubus-wrongly-implemented-policies\",\"name\":\"APC reacts to Obasanjo\u2019s verdict on Tinubu\u2019s \u2018wrongly implemented\u2019 policies - 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