A pro-democracy civil society organisation, Global Integrity Crusade Network (GICN), has said that President Bola Tinubu implemented toxic economic policies within two months as Nigerian President. The group lamented that the Nigerian economy which is Africa’s largest is currently in disarray. GICN President, Edward Omaga Esq. made this known while speaking during a press conference on Thursday in Abuja.
August 11, 2023The group lamented that the Nigerian economy which is Africa’s largest is currently in disarray.
He explained that one can only imagine the strain inflicted on the wider population of Nigerians who have to survive with the monthly minimum wage of N30,000, adding that most common men and women on the streets are now rewriting the “Biblical Book of Lamentations”, as they are seen complaining to one another at market places, motor parks and newspaper stands about the new “shege economy” which is synonymous with hardship.
It continued,"On his part, President Bola Ahmed Tinubu has within barely two months of grabbing the mantle of leadership implemented what we consider as “toxic economic policies” that have adversely affected the already impoverished masses. "Nigerians were deceived that removal of subsidy will promote competition and efficiency in the oil sector and drop prices naturally. Alas! We woke on Tuesday, 18th July, 2023 to read news of a further increase in fuel price to N617 per litre.
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