Senator Iyabo Obasanjo has criticised the economic policies of President Muhammadu Buhari as not being reflective of the waning power oil in the world’s economic order.
Iyabor, daughter of former President Olusegun Obasanjo, finds it difficult to understand why old people are being allowed to spearhead the affairs of Nigeria.
Iyabo, who served as a Senator between 2007 and 2011, said that it is unfortunate that the younger generation is being edged out of leadership positions by old men.
According to her, President Buhari has not evinced a convincing grasp for modern economic ideas.
Iyabo said “I have no idea but it is not only about the PDP, almost everything in the country is upside down”.
Asked if the country is truly experiencing positive change as promised by the APC, the former senator said, “Twice recently I have come across interviews of the President (Muhammadu Buhari) and it seems his focus is just on oil and gas,” she told Vanguard.
“Focusing on oil and gas, a natural resource we have no control over is what got us to where we are and somehow he thinks it will get us out! The time of oil as a king commodity is past and never coming back.
“In the history of humanity, the commodity that becomes king changes from time to time. From the time of the OPEC formation in the early seventies till now, oil had been king.
“It will no longer be because if we continue using it at the rate we have in the last 100 years we will not have a planet. Countries that didn’t use their income from oil to generate other sources of income will be in dire straits, hence Nigeria’s economic woes.
“Taking oil for granted as if it would be at high prices forever is idiotic. Now if change means more focus on oil and gas as the President is saying, then obviously change has not come,” she said.
