The Digest:
Former House Speaker Yakubu Dogara has accused the late President Muhammadu Buhari’s administration of destroying Nigeria’s economy through the printing and injection of N22.7 trillion via “Ways and Means” advances, which he said devastated the naira’s value. Speaking at a parliamentary tax reform lecture in Abuja, Dogara praised President Tinubu’s bold economic reforms as necessary to prevent total collapse.
Key Points
- Dogara blamed Buhari’s policies for hyper-inflation and naira devaluation, citing N22.7 trillion in printed funds.
- He criticized “voodoo economics,” dual exchange rates, and crude-backed loans that benefited elites without production.
- Dogara endorsed Tinubu’s tax reforms as “revolutionary” steps toward justice, equity, and economic stability.
- The reforms aim to simplify laws, broaden the tax base, and align with global practices despite fierce opposition.
- He acknowledged Tinubu’s efforts to rebuild an economy on the brink of “implosion” upon taking office.
- Stakeholders at the event emphasized transparency, fairness, and effective use of tax revenue for development.
- Dogara warned that opponents of reform sought Tinubu’s failure rather than national progress.
Dogara’s critique highlights the depth of Nigeria’s economic crisis while framing Tinubu’s reforms as a pivotal fight for survival and equitable growth.
Sources: Nigerian Tribune, House of Representatives Press Corps
