Enugu governor Peter Mbah says Tinubu’s reforms are beneficial
By the AFREEQUE newsroom, based on Vanguard and Premium Times
At the launch of the 'As Tinubu Mbah Moves' structure, Enugu governor Peter Mbah judges that the end of petrol subsidies and the liberalisation of the Nigerian currency spared the country an economic collapse, according to Vanguard. Created by minister Kingsley Udeh, the structure aims to re-elect President Bola Tinubu and the governor.
The group, named 'As Tinubu Mbah Moves' (ATM), was launched by the Minister of Innovation, Science and Technology, Kingsley Udeh, SAN. Its mission is to mobilise support for the re-election of President Bola Ahmed Tinubu, Governor Mbah and other All Progressives Congress (APC) candidates in the 2027 general elections.
Speaking to a large crowd, the governor argued that Mr Tinubu’s reforms had required rare boldness, as most leaders would have preferred to keep the status quo. He recalled having published articles, well before their implementation, denouncing the subsidy regime, which he considered unsustainable for Nigerians. According to him, previous governments were merely postponing the reckoning.
On the foreign exchange market, Mr Mbah described the pre-reform regime as a hotbed of corruption: the gap between the official rate and the parallel market benefited a few at the expense of the economy. He reported that employees rushed to foreign exchange bureaux as soon as they received their pay, for lack of confidence in the naira. He also asserts that macroeconomic stabilisation has attracted foreign direct investment, which should improve household incomes and employment.
