Oyo State Governor and presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has criticised the economic policies of the Bola Tinubu administration, arguing that some of the reforms have worsened hardship for Nigerians.
Makinde specifically criticised the removal of the fuel subsidy and the naira float, saying the policies have contributed to the economic difficulties experienced by citizens.
The governor made the comments while speaking about the 2027 presidential election and urged Nigerians to consider the APM as an alternative political platform.
Makinde attacks Tinubu’s reforms
The Oyo governor argued that the simultaneous implementation of major economic reforms created additional pressure on Nigerians.
The removal of the petrol subsidy and changes to the foreign exchange regime have been among the most consequential economic policies introduced under Tinubu.
The administration has consistently defended the reforms, arguing that they were necessary to address structural weaknesses, reduce government expenditure and reposition the economy for long-term growth.
Critics, however, have pointed to increased living costs and hardship experienced by households following the reforms.
Makinde has now joined the growing list of political figures challenging the economic direction of the federal government.
2027 political battle
Makinde’s criticism also comes in the context of his campaign for the 2027 presidential election under the APM.
The governor urged Nigerians to support his political platform and suggested that the country needs a different approach to economic management.
His comments are expected to attract political attention because he is simultaneously serving as a state governor and preparing to contest against the ruling political establishment.
Economic performance is expected to be one of the biggest issues in the 2027 presidential campaign.
The cost of living, fuel prices, inflation, employment and purchasing power are likely to feature prominently as political parties seek to convince voters.