A prominent member of the All Progressives Congress (APC), Joe Igbokwe, has launched a scathing critique of Nigeria’s economic situation since President Bola Tinubu took office.
Igbokwe, who was an active supporter of Tinubu during the 2023 elections, has become increasingly vocal against the current administration.
On Friday, this long-time ally of the president expressed alarm over a recent World Bank report indicating that Nigeria’s currency is the weakest in Africa.
In a post on his Facebook page, Igbokwe asserted that Nigeria’s abundant resources and potential do not warrant such a humiliating assessment from a global financial institution.
He attributed the dire situation to rampant nepotism and a self-serving approach to governance.
Igbokwe questioned how “the currency of the most endowed and populous country in Africa, rich in educated citizens, vast fertile land, favourable weather, and exceptional talent, could be the weakest in the continent.”
He lamented, “Almost everybody is working for themselves; no one seems committed to this great country,” adding that this reality is increasingly disheartening for Nigerians.
This is not the first time Mr. Igbokwe has expressed his frustrations over the nation’s hardships. In September, he criticized the new electricity tariffs, urging the president to intervene, as the increased costs could drive businesses to shut down.
