Adams Oshiomhole, a senator representing Edo North, claimed that President Bola Tinubu inherited a dire economic scenario from the previous administration.
This was said by Oshiomhole in a press conference shortly after a private meeting he had on Tuesday at the Presidential Villa in Abuja with Senator Kashim Shettima, the vice president.
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The former governor of Edo State observed that a few of the administration of President Tinubu’s policies are the first step towards reviving the economy.
He continued by saying that President Tinubu had demonstrated bravery and tenacity in his efforts to end corruption in the Central Bank of Nigeria (CBN) and the subsidy regime while pleading with Nigerians to exercise patience.
Oshiomhole also expressed optimism in the speedy resolution of disputes between the Federal Government and organised labour resulting from the elimination of gasoline subsidies.
He claims that Tinubu is aware of the effect the end of the gasoline subsidy is having on Nigerians and is determined to act right away to mitigate it.
“This president understands that the effect of the withdrawal is already here, people are already experiencing some level of discomfort, and there has to be an immediate solution to it,” he declared.
He continued, “Now that immediate solution is what we discussed and the fact that we are meeting on Tuesday again shows that clearly, we realize that this is not one of those things you want to buy time because it has a real negative impact, on particularly, the most vulnerable group.
“But we have a solution to it because you are going to make savings, so take from that savings or even if it is borrowing.
“So, whatever it is, you can leverage some revenue and improve wages to cushion the cost of living, I think it is legitimate, I think it is doable, it is not something that you want to spend two to three months negotiating.”
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