A chieftain of the African Democratic Congress, ADC, Kenneth Okonkwo, has accused President Bola Tinubu of borrowing Nigeria into slavery.
Okonkwo made the statement on Tuesday during an interview on Channels Television’s Politics Today.
According to him, everything about the Tinubu administration is a total failure despite the removal of the fuel subsidy.
He added that, unlike previous presidents who reinvested subsidy savings into public infrastructure and social programmes, the current administration has failed to provide electricity, roads and energy.
“Everything about this regime is a failure. Tell me, just tell me. The President is borrowing this country into slavery.
“He promised you that he was going to remove the fuel subsidy so that he would have enough money to provide public infrastructure for you.
“All the presidents before him, when they removed the subsidy, instituted programmes to reinvest the subsidy savings to help the masses. Sani Abacha established the Petroleum Trust Fund (PTF); Goodluck Jonathan introduced SURE-P.
“This president, who is boasting that by August or September he has gotten all the revenue he needed, has now removed the subsidy completely. He’s not giving us public infrastructure, no power, no good roads, no electricity, no energy.
“N166.6 trillion in debt under Tinubu’s regime. The country is not paying subsidy, electricity tariffs are rising, and the country does not have public infrastructure.
“What is he doing with the money? They are squandering it on fake agencies. They are squandering it on private jets, private yachts. What is going on in this country?” he asked.