Kalu Aja, a financial analyst and educator, criticized President Bola Tinubu’s Independence Day speech, claiming it contained inaccuracies and falsehoods, particularly regarding economic matters.
This criticism follows the President’s assertion that the N30 trillion in ways and means advances from the previous administration has been resolved.
Aja criticized the Tinubu administration’s assertion that it had cleared a N30 trillion ways and means loan from the Central Bank of Nigeria.
In a post on his X account on Tuesday, the financial expert also refuted the claim that the country secured over $30 billion in foreign direct investments in the past year.
Aja stated, “The economic sections of the president’s Independence Day speech are rife with inaccuracies and falsehoods.
“Who vested it?
“How can the President claim he has ‘cleared’ a N30 trillion Ways and Means loan?
“Or that he has ‘attracted’ $30 billion in foreign direct investment?
“These are not minor mistakes; they are significant lies and falsehoods, and it’s easy to fact-check them.”
The media and strategy team for President Tinubu needs to understand that when he speaks, it becomes part of the official record, and his audience extends beyond Nigeria to include investors and multinational organizations.
“How can a Bloomberg trader trust a country whose President claims that foreign direct investment inflows reached $30 billion in 12 months while reserves stand at $37 billion and the currency is depreciating to $1: N1700? Not good.”
