Doyin Okupe defends President Tinubu's economic reforms, arguing that critics judging the administration after only 18 months are unfair. He highlights that while the dollar exchange rate and fuel costs are high, the reforms have prevented a worse economic crisis, saving the Naira from hyperinflation.
Doyin Okupe, former Director-General of Peter Obi’s 2023 presidential campaign, defended President Tinubu's economic policies, arguing that critics of the administration’s reforms are unfair.
In an interview on Arise TV, Okupe emphasized that, despite the current challenges, such as the dollar exchange rate hitting N1,700 and fuel costing N1,000, the situation could have been worse. He claimed that the reforms implemented by the Tinubu administration helped prevent the Naira from depreciating to levels seen in Zimbabwe, where the currency became worthless.
Okupe explained that the previous administration's practice of printing money contributed to Nigeria's precarious economic state, while Tinubu’s decision to avoid this approach, despite the pain it caused, was a necessary step for long-term recovery.
According to him, the government’s efforts have curbed hyperinflation, preventing further economic decline. He also criticized those who have judged the administration within just 18 months, calling it “wicked” to assess the impact of policies so early in their implementation. Okupe’s comments come amid ongoing debates on the effectiveness of the current economic measures and their potential to stabilize Nigeria’s economy in the face of rising costs and inflation.
