Tinubu’s Economic Policy Poorly Implemented — Prof. Ayodele
•By OYENIYI KAZEEM
IBADAN – A former presidential candidate in the 2023 general elections, Prof. Oluwamuyiwa Favour Ayodele, popularly known as The Carpenter, has scored the economic policies of President Bola Ahmed Tinubu low, warning that current conditions are pushing Nigerians into deeper hardship.
Ayodele, who featured on Business Diet, a programme on WellsRadio 89.3FM, Ibadan, anchored by Akinwale Aboluwade, described Nigeria’s economic situation as “awkward, backward and retrogressive,” stressing that citizens are struggling under the weight of soaring inflation and unfavourable business conditions.
He said, “The current state of the country’s economy is awkward. The country is backward and retrogressive. The citizens are not finding it easy. People are struggling as inflation is high to rooftops. With inflation at 24.2 per cent, you can tell the plight of Nigerians.”
He lamented that excessive taxation and weak productivity have worsened national economic woes, noting that without a strong production base, recovery would remain elusive. According to him, electricity, which should serve as a fundamental enabler of economic revival, remains unreliable, further crippling industries and small businesses.
“Tax is taking a lot, and that is a big blow. Without production, the situation becomes worse. Electricity is supposed to be the fundamental to reengineer the economy, but we are not getting it. Everything is going down,” he said.
Ayodele blamed the situation on what he called poor policy direction from the Tinubu administration, insisting that national progress is driven by sound, relatable and inclusive policies.
“What we need to do is to revive the economy, but the policy of Tinubu is not helping us. The destinies of countries are determined by the policies in place. Once your policy is not relatable, things would go crazy and depression would set in,” he said.
The former presidential candidate also reaffirmed his ambition to contest the 2027 presidential election. He had earlier declared his intention during a media briefing at the Governor’s Apartment, Omole Estate Phase 1, Ojodu Berger, Lagos, his third attempt at the nation’s highest office since 2019.