Dogara Analyses, Carpets Buhari’s Economic Policies 

Former Speaker of the House of Representatives, Yakubu Dogara, has come l criticized the economic policies of the Buhari administration, attributing Nigeria’s current economic woes to reckless policies and excessive currency printing.

According to Dogara, the government’s decision to print approximately N22.7 trillion under the “Ways and Means” policy has had a devastating impact on the naira’s value and has exacerbated inflation.

Dogara stated that the massive injection of funds into the economy without corresponding productivity led to the naira’s devaluation.

He also criticized the dual exchange rate system, saying it allowed a select few to reap huge profits from Central Bank allocations without contributing to the nation’s productivity.

The former Speaker faulted the practice of using crude oil sales as collateral for loans, describing it as unsustainable and fraudulent.

Dogara noted that President Bola Tinubu inherited a severely damaged economy, further strained by the previous administration’s policies.

Other notable figures, such as Senator Adams Oshiomhole, share similar views on the matter. The Senate has since inaugurated an ad-hoc committee to investigate the Ways and Means and Anchor Borrowers Programme of the Central Bank of Nigeria.