On Monday, 17th March 2025, the All-Progressives Congress (APC) issued a press statement signed by Felix Morka, Esq., National Publicity Secretary.
On Monday, 17th March 2025, the All-Progressives Congress issued a press statement signed by Felix Morka, Esq., National Publicity Secretary. In the statement, the APC addressed the comments made by the former Kaduna State Governor, Mallam Nasir El-Rufai, and highlighted various economic achievements under President Bola Tinubu's administration.
allocations are partly due to the removal of fuel subsidies, which previously consumed a substantial portion of government revenue. However, the increased allocations is also a reflection of inflationary pressures and naira devaluation, which inflate nominal figures without necessarily enhancing real purchasing power. With the depreciation of the naira, the real value of the allocation is marginal if not in the negative.
Allocations vs. Real Spending Power: The claim that states and local governments are receiving more funds is numerically true, but the inflation-adjusted value of these allocations remains stagnant or even declining. The press release does not provide details on how these funds have translated into tangible development projects.
allocations are inflation-driven and do not necessarily equate to improved governance at the state and local levels. 4. GDP growth, while positive, does not reflect broad-based economic improvement given rising poverty and unemployment. 5. Fuel subsidy removal has generated fiscal savings, but its economic burden on citizens, particularly the poor, is underrepresented. 6.
allocations, and real trade figures, including informal sector contributions. 2. Address the structural issues impacting economic diversification beyond oil dependency. 3. Implement transparent and targeted social safety nets to cushion the impact of inflation and currency devaluation. 4. Engage in constructive political dialogue to address internal party discontent rather than dismissing critics outright.
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