The presidential candidate of the Social Democratic Party (SDP) in the 2023 election, Prince Adewole Ebenezer Adebayo, has said that he is happy with President Tinubu’s many foreign trips. He recently revealed that such trips abroad will make BAT see what good leadership looks like.
Speaking during an interview with VanguardNG, Prince Adewole shared that if Tinubu’s policy life is ever going to change, one of his many international trips will be the trigger.
According to him, Brazil’s Bolsa Familia policy helped to reduce poverty by 27 percent in four years under President Lula da Silva’s administration, unlike Nigeria, where a lack of a poverty alleviation manifesto keeps drawing us back.
He stated that Brazil didn’t build the third-largest economy in the America and the second-best purchasing power after the USA by mere chance.
“Well, I’m happy that the president is going around the world. I’m happy that he went to Brazil, because if his policy life is ever going to change, we will see whether he changes from there.
His going to Brazil is the equivalent of Saul becoming Paul, because in Brazil what the Workers’ Party did to become what they are today, and the president was giddy about it; he even posed the question, what do they have that we don’t have? And I have the answer.
What they have is good leadership, and that’s what we don’t have yet. What they have is a poverty reduction manifesto and a set of programmes and policies. If you look at Bolsa Familia, which reduced poverty by 27 percent in Brazil in four years under President Lula da Silva’s government, it is the opposite of subsidy is claimed that increased poverty exponentially.
If you compare the way Petrobras is run to the way the president has been running the NNPC, they are polar opposites. If you look at where Brazil gets its strength from, Brazil is the third-largest economy in the Americas. In fact, by purchasing power parity, Brazil is next to the USA.
They have a mixed economy. The government and the private sector are participating. They have indigenous industries, arising from agriculture, including coffee and soybeans.
Then they have the high end, including aeronautics, defense, and all that. So, the same country that generates significant revenue producing aircraft like Embraer and other companies is earning even more money by simply producing plain soybeans. So, the economic policy of President Tinubu is the opposite of the one that has succeeded in Brazil,” he said.
The SDP member further stated that Tinubu’s presence in a working country like Brazil will make him realize how wrong his policies are.
He concluded by saying that while the Federal Government recently celebrated 22 percent inflation, the Central Bank of Brazil is deeply worried about 4.5 percent inflation.
“So, I’m happy that he’s there because by going there, he will see how wrongheaded his own policies are.
On the other hand, I am not happy that he went there to spend all that money when the ruler is here. He could have spoken to me. He could have looked at the Social Democratic Party manifesto.
He used to be a member of the SDP in the past. So, why are you leaving the Brazilian type of manifesto, which is available in Nigeria, and then going to Brazil as a tourist to be in awe of the majesty of Brazil and the Brazilian economy, as if it were by magic? It is by policy.
Look at them. The Central Bank of Brazil is concerned about 4.5 percent inflation. We are celebrating 22 percent inflation, which in reality is 13 percent,” he added.
