The Digest:
O’tega Ogra, Senior Special Assistant to President Bola Tinubu on Digital Communications, has criticized Peter Obi, the Labour Party's 2023 presidential candidate, for praising Argentina's harsh economic reforms. Ogra argues that Tinubu’s policies have caused less pain and better economic results for Nigeria.
Key Points:
- Ogra defends Tinubu’s policies, saying they have led to disinflation without extreme volatility like in Argentina.
- Argentina's inflation peaked at 289% after President Milei implemented painful reforms such as removing subsidies and devaluing the currency.
- By contrast, Nigeria’s inflation peaked at 34.8% in December 2024 but is now gradually improving, with no extreme economic suffering.
- Ogra calls out Obi for praising Milei's shock reforms in Argentina, while opposing similar measures in Nigeria.
- He accuses Obi of inconsistency, highlighting the double standard in his positions on economic policy.
- Ogra stresses the importance of sustaining reforms while cushioning the impact on Nigerian citizens.
- He urges Nigerians to support policies that ensure long-term stability rather than abandoning reforms for short-term approaches.
Ogra challenges Obi’s praise of Argentina’s severe economic measures, asserting that Nigeria’s reform journey under Tinubu is steadier and more compassionate, with fewer sacrifices. He advocates for consistent policies to safeguard economic stability.
Sources: The Cable, Premium Times
