National Chairman of the African Democratic Congress (ADC) Dr Ralph Nwosu has warned President Bola Tinubu on the dangers of tweaking the nation’s monetary policy to score cheap political goals and fake a situation that suggests that the economy is healthy.
Dr Nwosu made the appeal on Monday in Abuja during the presentation of flags and certificate of returns to the ADC governorship candidate for the forthcoming Anambra State governorship election, Mr John Chuma Nwosu at the party’s headquarters in Abuja.
He warned that manipulating the nation’s monetary policy for political reason will amount to completely destroying the tenets of democracy.
“You can play politics almost everywhere, but leave the central bank alone. Let the figures show for themselves”, he said.
He lamented on the level of poverty in the country orchestrated by the anti people policies of the Tinubu administration. He said that the government gave the impression that he has cleared some foreign debt only to go back and acquire more loans.
Nwosu also knocked the President over his inability to pay local contractors.
“The reality as far as this country is concerned is clear for everyone to see. Poverty level is at 75%.The inflation, you cannot talk about. Insecurity is everywhere.
“But the maddening thing now is that the federal government is playing politics with central banks and our monetary policies.
“All the local contractors in Nigeria have not been paid. Our local debts have amounted to more than 100 and something trillion Naira amd the President will brag that they have cleared foreign debts.
“You cannot play politics with the financial institutions. The country will go down more and more. Our monetary policy is flawed.
“They manipulate figures for the purpose of their local politics. You can play politics almost everywhere, but leave the central bank alone. Let the figures show for themselves.
“Manipulating our monetary policy for politics is completely destroying the tenets of democracy. Therefore, as members of ADC, we beg our President that he should let the central bank be as independent as possible. So that our recovery will be easier for us.
“So the central message is please allow the central bank to remain independent. Number two, allow the local businesses to come up.
He equally appealed to the president to provide level playing ground for all candidates and political parties in the upcoming elections.
He boasted that if there is equal opportunity, ADC will win Anambra and occupy the Presidential Villa in 2027.
He said, “I want to appeal to Mr. President, please let’s change the narrative that the APC has consistently created.
“Allow free and fair elections Mr. President. Some of these young men are ready to contest elections. Allow them free field. Allow them to experience the freedom and the real ethos and tenets of democracy. Allow the peoples votes to count.
“If you do this, Nigeria democracy is again on the path of recovery. So that is the special appeal we want to make to Mr. President.
“From the election that brought the President in, to all other elections that took place after Mr. President got elected, they were all flawed.
“Two days ago, he (Tinubu) marked his second year in office. Mr. President, after your second year, if all the other elections start to look right, and you start to show that you are a democrat, we will appreciate you each time you show that”, he said.
In his acceptance speech, The ADC candidate for the Anambra governorship election, Mr Chuma Nwosu said that he is committed to building a government anchored on transparency, accountability, inclusivity and sustainable development.
According to him, “Now is the time to come together for the good of all, most especially for the good of Ndi Anambra. Today, the people of Anambra State have a credible alternative to the incumbent”.
