The Peoples’ Democratic Party (PDP) says President Bola Tinubu’s economic policies are making Nigerians poorer.
The PPD said this in a statement by its National Publicity Secretary, Debo Ologunagba, in Abuja on Monday.
Ologunagba questioned the government’s sensitivity towards the welfare of Nigerians, especially regarding the removal of the fuel subsidy and the floating of the naira.
He said the policies had resulted in an unbearably high cost of living, paralyzed national productivity, collapsed millions of businesses and caused massive job losses with the consequent escalation of poverty, hunger, insecurity and hopelessness in the country.
“The situation has turned into a dangerous loss of investor confidence, with international companies leaving our nation, leaving millions of Nigerians stranded in the job market.
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“This has a chilling effect on small and medium-sized enterprises (SMEs), which are the real engines of our national economy,” Ologunagba said.
He said that in the past two months, more than 150 million Nigerians could no longer afford daily meals as families went to bed empty stomachs.
He blamed the government’s palliatives in removing the fuel subsidy, especially the distribution of an average of 1,200 bags of rice to Nigerians in every state in the country, saying they were inadequate.
(YAYA)
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