In an interview with Punch, Okechuchukwu discussed Tinubu’s economic policies and the severe hunger that exists in the nation.
In order for the Coordinating Policy Unit, led by Hadiza Bala Usman and other pertinent agencies, to fully monitor and examine the less-than-transparent transactions occurring in the ministry, Okechukwu encouraged President Tinubu to think about renouncing the portfolio of the Minister of Petroleum.
He claimed that even though Buhari was the Minister of Petroleum, corruption still plagued the oil business, resulting in the importation of refined petroleum products losing more than $70 billion and causing a foreign exchange mismatch.
No policy is complete without a missing component, he stated. The oil business appears to be opaque and needs to be cleaned up in order to lower the price of petrol at the pump. In order for the Coordinating Policy Unit, led by Hadiza Bala Usman and other pertinent agencies, to fully monitor and examine the less-than-transparent transactions occurring there, one had respectfully, in a public statement, urged Mr. President to think about resigning the position of Minister of Petroleum.
“I warned Mr. President about falling into the petroleum ministry’s poisonous state-capture trap, which prevented his predecessors from fixing any of the four refineries in more than two decades. As corruption wreaked havoc on the oil industry, the syndrome of African big men was the reason of this terrible inability to repair any refineries. The result was a foreign exchange mismatch and a loss of more than $70 billion in imported refined petroleum products.
Second, basic math shows that the price of food and commodities will drop significantly if the Dangote refinery is given the more than 300,000 barrels per day they announced with instructions to sell at N500 per liter, as TUC suggested. Nigerians will breathe as well.
“President Tinubu is brave and fearless for making difficult choices that others were afraid to make. I believe that he has selected an economic path that he believes will save our beloved nation and get us out of the economic abyss. Additionally, he has started initiatives like the CNG, the national student loan, significant road construction, and farmer incentives.
