The Human Rights Writers Association of Nigeria (HURIWA) has sharply criticized President Bola Ahmed Tinubu for his recent economic policies, alleging that they undermine Nigeria’s sovereignty. This criticism comes as Tinubu’s new policies starkly contrast with his previous opposition to similar measures under former President Goodluck Jonathan.
In a press release, HURIWA noted that Tinubu, once a vocal critic of the International Monetary Fund (IMF) and World Bank’s economic prescriptions, has now embraced these very policies. The association recalled that Tinubu, along with other key figures, strongly opposed IMF and World Bank recommendations such as subsidy removal and Naira devaluation during Jonathan’s presidency, arguing that these measures would destabilize Nigeria’s economy and compromise its sovereignty.
“Since assuming office, Tinubu has adopted and even intensified these policies, leading to accusations of hypocrisy. Critics argue that this shift represents a betrayal of his earlier principles and undermines Nigeria’s economic independence,” HURIWA stated.
The association further contended that the Naira’s devaluation and adoption of foreign-influenced economic policies erode Nigeria’s financial sovereignty. By aligning with foreign interests, the administration is perceived as relinquishing control over the country’s economic system, exposing Nigeria to international economic pressures.
HURIWA also linked these policies to broader security concerns, arguing that inadequate border protection is a direct result of prioritizing foreign economic directives over national stability. They claimed that the current administration’s economic strategies have contributed to the infiltration of armed non-state actors and criminals, threatening Nigeria’s sovereignty.
The association called for adherence to the Central Bank of Nigeria (CBN) Act, emphasizing that stabilizing the Naira is essential for maintaining economic sovereignty. Additionally, HURIWA urged the government to bolster border security to prevent the infiltration of terrorists and other illicit actors.
Comparing Nigeria to other nations, HURIWA cited how countries like the United States, Canada, Australia, and the United Kingdom have successfully defended their economic and territorial sovereignty. They suggested Nigeria adopt similar strategies to protect its financial stability and national security.
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“HURIWA’s criticism of President Tinubu’s policy reversal highlights the implications of adopting IMF and World Bank directives. Our call for adherence to the CBN Act and enhanced border security underscores the link between economic policies and national sovereignty,” HURIWA concluded.
