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Shettima: Tinubu’s Administration Won’t Blame Buhari for Nigeria’s Economic Challenges

ONUAH YVONNE by ONUAH YVONNE
May 2, 2024
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Vice- President of the federal Republic of Nigeria
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Vice-President Kashim Shettima has stated that the current administration will not blame the administration of former President Muhammadu Buhari for the present challenges it is currently facing.

Shettima made this assertion during the second Chronicle Roundtable organized by the 21st Century Chronicle.

He lamented that this is the most difficult time to occupy political leadership in Nigeria due to the challenges facing the country.

“The president chose the option that will save the lives of the people instead of the ones that will lead to prolonging economic death. We will not resort to putting the blame on the previous administration as leadership is about courage, continuity,” Shettima said.

“Before we took charge, the biggest elephant in the room was about fuel subsidy removal. It was an albatross round the neck of the nation for the past 20 to 30 years. We understood why our predecessor decided to remove subsidy because there was no sufficient budget for it in the fiscal year.

“A year before we took office, Nigeria’s debt service to revenue ratio had grown to 111.18 percent. It was an economic death sentence. To be plain to us, our debt service was that if you earn N100,000, you are forced to borrow an additional N11,800 to pay the debtor. How do we intend to survive this? It will be long before we become a pariah.”

Tags: FORMER PRESIDENT BUHARIPRESIDENT TINUBU
ONUAH YVONNE

ONUAH YVONNE

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