In a recent interview, Prince Adewole Adebayo, the 2023 Social Democratic Party (SDP) presidential candidate, criticized the economic policies of President Bola Tinubu’s administration. He argued that the current administration formulates policies without proper thought, leading to Nigeria’s worsening economic situation. Adebayo dismissed the government’s claims that its policies are necessary for national prosperity, calling it poor economic thinking. He stressed that alternative economic policies exist and accused the government of focusing on business rather than governance.
Adebayo rejects the notion that the government’s economic policies were necessary, stating that alternatives always exist in economics, but Tinubu’s administration has failed to consider them. He likens the administration’s approach to a business transaction where Nigerians are treated as customers rather than citizens, criticizing their focus on personal gain over governance.
He also emphasizes that Nigeria’s economic problems cannot be solved through neoliberal policies, as the government lacks the capacity to implement them effectively. He advocates for policies that address Nigeria’s unique context, such as improving public transportation and employment generation, rather than blindly copying foreign economic models.
