In Minna on Monday morning, frustrated residents took to the streets to protest President Bola Tinubu’s strict economic measures, which have worsened the hardships faced by the people. Blocking major roads, the protesters voiced their concerns about the soaring cost of living in their city.
According to People’s Gazette, over the past six months, there has been a significant increase in food prices, prompting President Tinubu to call for understanding, emphasizing the ongoing financial re-engineering of the country.
Despite the challenges, he reassured the nation that Nigeria is in good hands and that every effort is being made to provide the best economy and opportunities possible.
The economic downturn began with the abrupt removal of the petrol subsidy on May 29, 2023, leading to a drastic increase in pump prices.
Former Vice President Atiku Abubakar criticized Mr. Tinubu’s handling of the adverse effects of the new subsidy regime and the free-floating exchange rate, calling his initiatives
“uninformed, arbitrary, and chaotic.
” He expressed concern that Tinubu seemed overwhelmed and lost in his approach to the economic situation.