Osinbajo Not Different From Buhari, Both Are Epic Failures

A member of the main opposition party in Nigeria - People's Democratic Party, Tonye Barcanista from the South-east has whitewashed ailing President Muhammadu Buhari and the Acting President, Professor Yemi Osinbajo in a recent piece.

 

President Muhammadu Buhari

 

I have read several reports from different quarters about the ratings of Vice President Yemi osinbajo, who at present is acting in place of the indefinite absentee President Muhammadu Buhari.

 

I have watched and read several paid promoters of Yemi Osinbajo, hyping him on social, broadcast and print media like he has done anything different from the failed moves of his boss since coming to power.

 

For avoidance of doubt, I am in complete agreement with Presidential spokesman Femi Adesina when he opined that there is nothing like Yemi Osinbajo administration, the VeePee is only performing his job as part of the Buhari administration that was sworn-in in 2015. As the number 2 man in the government, he is constitutionally empowered to act in place of his boss during the latters absence.

 

The Failure Called Professor Yemi Osinbajo

 

Back to the issue at hand, Nigerians will agree with me that Professor Osinbajo has been a core member and leader of the economic management team since inception of this administration. He is also the Chairman of both the National Economic Council and the National Planning Commission - by virtue of his office as Vice President of Nigeria. The point is that Professor Yemi Osinbajo has always been the key man in all economic policies of the federal government since May 29, 2015. What did we get? Recession!

 

In sane societies, VeePee Yemi Osinbajo, finance minister Kemi Adeosun, CBN Governor Godwin Emefielle and the Budget/National Planning minister Udo Udoma would have long tendered their resignation for driving Nigeria into her worst economic state since the amalgamation in 1914. Unfortunately, we have a sit tight tradition in Nigeria where failures believe they have right to remain in position of authority for eternity. 

 

It is a shame that Nigeria’s economy under the watch of Yemi Osinbajo shrank to the point of achieving negative GDP growth for the first time since the 90s, doubled inflation rate and unprecedented depreciation of the naira, which led to untold hardship to Nigerians. The monetary policies of the CBN are more like a kindergarten idea, while the fiscal policies of the government are clueless and directionless. 

 

It is on record that as the leader of Nigeria Ecomonic Management team, Yemi Osinbajo did not inherit a Naira at 420 to the Dollar in the parallel market. He inherited a Naira that traded at 220 to the Dollar in the parallel market as at May 29, 2015 from the former Economic Management Team. The official rate of the Naira before Yemi Osinbajo took charge of management of the Economy was 198/$, but he has taken it to $305. He did not inherit an economy whose annual GDP shrank at -2%, he inherited an economy that experienced positive growth. Yemi Osinbajo did not inherit an Economy with inflation rate of 18.72%, he inherited an economy with inflation rate of 9.6% but he pushed it to 18.72%.

 

Nigeria Economy has NEVER bled like it is experiencing under the management of Osinbajo. Though we thank God that the Naira in the parallel market has crashed to 415 to the Dollar, but we are not impressed. It is not worth celebrating because we were better off prior to the coming of Osinbajo. 

 

I understand that some sponsored media personalities have been trying so hard to insult the collective sensibilities of Nigerians by giving credit to VeePee Yemi Osinbajo over the gradual rise of the Naira against the Dollar in the parallel market, but Nigerians cannot be fooled to cheer a man that supervised the calamity of the economy from what it was to what it is today. 

 

For the fact that we always blame President Buhari for the calamities that befell the economy (as head of the administration) doesn’t mean that we will exclude those in charge of the management of the economy of their share.

 

The Buhari led APC administration, which Yemi Osinbajo is a key player has failed Nigeria, especially our economy. We cannot afford them beyond 2019 irrespective of whether it is Buhari or the acting Osinbajo. Both are one and the same, both are flops.

 

I appeal to Nigerians not to be swayed by accepting below par administration of Buhari/Osinbajo. By the grace of God, a better and credible candidate shall be presented to takeover government and deliver this country from the woes that Buhari/Osinbajo led APC administration has put us. 

 

May God Bless Us All And Bless Nigeria.

 

Tonye Barcanista is a public affairs analyst and a politician.

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This Post Was Published By: Tony Odijie

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