Posted by Samuel on Wed 02nd Oct, 2024 - tori.ng
The statement comes as the President declared that N30 trillion ways and means advance incurred by the past administration had been cleared.
A financial analyst and educator, Kalu Aja, has said President Bola Tinubu’s Independence Day speech was filled with inaccuracies and falsehoods, especially the economic parts.
The statement comes as the President declared that N30 trillion ways and means advance incurred by the past administration had been cleared.
However, Aja specifically faulted the claim by Tinubu’s administration that it had cleared N30 trillion ways and means loan from the Central Bank of Nigeria.
In a post on his X handle on Tuesday, the financial expert also stated that it is not true that the country attracted foreign direct investments worth more than $30 billion in the last one year.
Aja posted: “The president’s Independence Day speech specifically the economic parts are filled with inaccuracies and falsehoods
“Who vetted it?
“How can the President say he ‘cleared’ Ways and Means of N30t?
“Or ‘attracted FDI of $30b?’
“These are not simple errors; these are gross lies and falsehoods, and it’s pretty straightforward to fact-check these.
“The media and strategy team of the President must realise that when President Tinubu speaks, it is a record, and his audience is also outside of Nigeria, this audience includes investors and Multinational agencies.
“How does a Bloomberg trader trust a nation whose President says FDI again Foreign Direct Investment inflow was $30b in 12 months, yet reserves are $37b and the currency is depreciating to $1:N1700? Not good.”