More
    HomeNewsPolitics & GovernanceNigerians impoverished, burdened by subsidy removal, Naira devaluation, MBF tells Tinubu

    Nigerians impoverished, burdened by subsidy removal, Naira devaluation, MBF tells Tinubu

    *Urges him to do a rethink

    Published on

    spot_img

    The Middle Belf Forum, MBF, has urged President Bola Tinubu to rethink his economic policies saying that the dual policies of removal of petrol subsidy and floating of the Naira have impoverished the masses and placed enormous burden on Nigerians.

    The National President of MBF, Dr. Bitrus Pogu who spoke weekend in Makurdi lamented that the Federal government’s haphazard policies have left the economy gasping for breath.

    He pointed out that Nigerians were suffering untold hardship because the administration had resorted to dishing out policies without bothering if they were people-friendly or will better the livelihood of the masses and improve the economy.

    Dr. Pogu said: “It does not require an ecomomist to talk about the state of the economy and the wrong economic policies of the Federal  government that have impoverished millions of Nigerians in about 17 months of this government.

    “The fact is that this government just deliberately killed the economy with the sudden removal of petrol subsidy and floating of the Naira.

    READ ALSO: Labour accuses fuel marketers of exploitation amid soaring prices

    Mera massacre: Bagudu condoles families, donates N30m

    Reprisal attack: Locals in Mera kills 6 Fulanis

    “By the reason of these policies too much burden has been placed on Nigerians and therefore the lean resources they have is still being taken away either by the removal of subsidy or by the devaluation of the Naira.

    “Both actions have impacted negatively on the cost of products and the direct impact is on the poor; because it is the poor that are suffering from the economic policies.

    “The President needs to get able hands to handle his economic policies rather than doing things haphazardly.

    “For example, rather than suddenly removing fuel subsidy, if he had started the CNG programme first and then have CNG accessible and affordable across the country before removing subsidy, people would not even go around looking for petrol, they will be using CNG.

    “But after killing the economy for over a year and half then he started bringing the CNG thing and it is only having impact maybe in Lagos and Obajana and it is now getting out of reach because it is found only in some few places.

    “Again, the cost of conversion of cars to use CNG is so astronomical and it has again created more problems. So members of his economic team are not doing a good job and we pray that he does a rethink.”

    Kindly share this story:

    Contact: [email protected]

    Stay informed!
    Follow us on: X.com: @TheReporter2024
    Follow us on: Facebook: TheReporterNigeria
    WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
    WHATSAPP

    Latest articles

    MUSWEN greets Muslims at Eid-el-Kabir, urges political office holders to prioritize good governance

    The Muslim Ummah of South West Nigeria (MUSWEN) has extended its heartfelt greetings to...

    Tinubu recorded many achievements in two years but Yoruba Muslims marginalised — MUSWEN

    The Muslim Ummah of South-West Nigeria (MUSWEN) has made an appraisal of President Bola...

    Police Affairs Ministry offers free healthcare to staff members

    Permanent Secretary, Ministry of Police Affairs, Dr. Anuma Ogbonnaya Nlia, has commissioned a staff...

    2027: Minister assures of women’s support for Tinubu

    Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim, has affirmed that President...

    More like this

    MUSWEN greets Muslims at Eid-el-Kabir, urges political office holders to prioritize good governance

    The Muslim Ummah of South West Nigeria (MUSWEN) has extended its heartfelt greetings to...

    Tinubu recorded many achievements in two years but Yoruba Muslims marginalised — MUSWEN

    The Muslim Ummah of South-West Nigeria (MUSWEN) has made an appraisal of President Bola...

    Police Affairs Ministry offers free healthcare to staff members

    Permanent Secretary, Ministry of Police Affairs, Dr. Anuma Ogbonnaya Nlia, has commissioned a staff...