{"id":193793,"date":"2026-02-06T23:35:49","date_gmt":"2026-02-06T22:35:49","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/lagos-apc-criticizes-olawepo-hassims-economic-claims"},"modified":"2026-02-07T00:39:25","modified_gmt":"2026-02-06T23:39:25","slug":"lagos-apc-criticizes-olawepo-hassims-economic-claims","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims","title":{"rendered":"Lagos APC Criticizes Olawepo-Hassim’s Economic Claims"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Lagos State chapter of the All Progressives Congress, APC, has criticised Mr Gbenga Olawepo-Hassim over his claim that Nigeria\u2019s economy performed better under former Presidents Olusegun Obasanjo and Goodluck Jonathan compared to the administration of President Bola Tinubu.<\/p>\n

In a statement released on Friday and signed by the party\u2019s spokesperson, Seye Oladejo, the Lagos APC described Olawepo-Hassim\u2019s comments as \u201cmisleading, selective, and intellectually shallow,\u201d suggesting that he either lacks understanding of public sector economic management or deliberately misrepresented historical economic data for political purposes.<\/p>\n

The party argued that the Obasanjo and Jonathan administrations presided over periods of record-high oil revenues, robust external reserves, and comparatively lower population pressure, yet failed to implement structural reforms that could have shielded the economy from future shocks.<\/p>\n

\u201cThe Obasanjo and Jonathan governments benefited from historic oil booms, generating hundreds of billions of dollars from crude exports,\u201d the statement read.<\/p>\n

\u201cDespite these advantages, they neglected economic diversification, failed to stabilise the power sector, and continued the unsustainable fuel subsidy regime and multiple exchange rate system.\u201d<\/p>\n

According to the Lagos APC, these governments entrenched consumption-driven policies without corresponding productivity growth, leaving the economy vulnerable to volatility.<\/p>\n

Highlighting the Jonathan administration, the party cited enduring challenges inherited by subsequent governments:<\/p>\n

\u201cThe Jonathan government left office with a collapsed power sector despite billions in expenditure, a heavily import-dependent economy, a fuel subsidy system rife with corruption, and an emerging currency crisis before 2015. These are documented facts, not opinions,\u201d the statement emphasised.<\/p>\n

The party stressed that President Tinubu assumed office facing an economy propped up by unsustainable subsidies, foreign exchange arbitrage benefiting select interests, and a fiscal framework inadequate for a nation of over 200 million citizens.<\/p>\n

\u201cPresident Bola Ahmed Tinubu did not inherit an economic system in comfort; he inherited structural distortions that previous administrations lacked the political courage to address,\u201d the Lagos APC said.<\/p>\n

Defending the current administration\u2019s policy choices, the party underscored the necessity of subsidy removal and foreign exchange market unification.<\/p>\n

\u201cThese measures were not experiments, they were inevitable corrections long postponed by administrations more concerned with optics than outcomes,\u201d the statement said.<\/p>\n

The Lagos APC also warned against \u201crevisionist narratives\u201d and urged the public not to mistake political commentary for rigorous economic analysis.<\/p>\n

\u201cNigeria\u2019s economy is too vast, too complex, and too consequential to be reduced to nostalgia or selective criticism. This is about the economic well-being of over 200 million citizens,\u201d it added.<\/p>\n

The statement also asserted that history would ultimately credit President Tinubu\u2019s decisive leadership over populist critique.<\/p>\n

\u201cWhen critical decisions were required, President Tinubu acted with courage, clarity, and conviction, while critics relied on selective memory and convenient amnesia,\u201d the Lagos APC said.<\/p>\n

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

Africa-Press – Nigeria. The Lagos State chapter of the All Progressives Congress, APC, has criticised Mr Gbenga Olawepo-Hassim over his claim that Nigeria\u2019s economy performed better under former Presidents Olusegun Obasanjo and Goodluck Jonathan compared to the administration of President Bola Tinubu. In a statement released on Friday and signed by the party\u2019s spokesperson, Seye […]<\/p>\n","protected":false},"author":84,"featured_media":193791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,16,2660],"tags":[254],"class_list":["post-193793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-parties","category-to-homepage","tag-nigeria"],"yoast_head":"\nLagos APC Criticizes Olawepo-Hassim's Economic Claims - Nigeria<\/title>\n<meta name=\"description\" content=\"The Lagos State chapter of the All Progressives Congress, APC, has criticised Mr Gbenga Olawepo-Hassim over his claim th ...\" \/>\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\/lagos-apc-criticizes-olawepo-hassims-economic-claims\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lagos APC Criticizes Olawepo-Hassim's Economic Claims\" \/>\n<meta property=\"og:description\" content=\"The Lagos State chapter of the All Progressives Congress, APC, has criticised Mr Gbenga Olawepo-Hassim over his claim th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-06T22:35:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-06T23:39:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1770421132.046599.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\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=\"3 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\/lagos-apc-criticizes-olawepo-hassims-economic-claims#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Lagos APC Criticizes Olawepo-Hassim’s Economic Claims\",\"datePublished\":\"2026-02-06T22:35:49+00:00\",\"dateModified\":\"2026-02-06T23:39:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims\"},\"wordCount\":466,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1770421132.046599.jpg\",\"keywords\":[\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Parties\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/lagos-apc-criticizes-olawepo-hassims-economic-claims\",\"name\":\"Lagos APC Criticizes Olawepo-Hassim's Economic Claims - 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