Former spokesman of the opposition Folks’s Democratic Party (PDP), Kola Ologbondiyan, has slammed President Bola Tinubu’s administration over the removing of the gasoline subsidy and floating of the naira.
Ologbondiyan who spoke on Monday described each insurance policies as devastating to Nigeria’s economic system.
He argued {that a} phased method to subsidy removing with efficient palliatives would have mitigated the impression on Nigerians.
The PDP Chieftain highlighted the hovering costs of Premium Motor Spirit (PMS), which have risen from a median of N189 per litre in Might 2023 to over N1000 per litre.
READ ALSO:
He criticized the administration’s give attention to distributing backed rice as an alternative of addressing the foundation points by means of public transport reforms and different sensible measures.
The PDP ex-spokesman’s remarks observe a weekend assembly of PDP governors, who urged Tinubu to implement financial reforms.
The Nationwide Govt Council (NEC) assembly was postponed till February 2025 to additional talk about options.
Ologbondiyan emphasised the necessity for complete tax reforms and lamented the deteriorating financial circumstances.
He additionally famous that many Nigerians battle to afford fundamental requirements.
Additionally, he accused each the APC authorities and PDP of failing to adequately deal with the nation’s financial challenges.
The criticism provides to rising discontent over Tinubu’s insurance policies, as Nigerians grapple with inflation, rising gasoline costs, and a weakening naira.
Please observe and like us:
