CurrentReport Blog An All Progressives Congress (APC) chieftain in Cross River State, Joseph Odok, has expressed strong dissatisfaction with the economic policies of President Bola Tinubu’s administration, claiming they have exacerbated the economic challenges facing Nigerians.
In a statement issued in Calabar, Odok criticized the federal government’s decision to remove fuel subsidies, a move he argued has deepened poverty, unemployment, and inflation across the country.
Economic Hardship and Rising Costs
Odok highlighted that the removal of subsidies on fuel, electricity, and foreign exchange has led to skyrocketing costs of living. He stated that basic goods and services are now beyond the reach of many Nigerians, with widespread hunger and poverty further compounding the situation.
“The government promised that removing subsidies would safeguard our future, but instead, it has triggered a borrowing spree that threatens to saddle future generations with insurmountable debt,” Odok said.
Criticism of Borrowing and Accountability
The APC chieftain questioned the rationale behind the administration’s increased borrowing, accusing it of reckless financial practices. According to him, the same leaders who criticized previous governments for borrowing are now accumulating more debt, leaving the nation in a precarious financial state.
“It’s ironic that the removal of fuel subsidies, which was supposed to save our economy, has led to greater hardship. Nigerians deserve more accountability and effective solutions to these economic challenges,” he added.
Consequences of Policy Decisions
Odok emphasized that the removal of subsidies has not only fueled inflation but has also led to increased smuggling, crime, and job losses in the informal sector. He called on Nigerians to demand more from their leaders instead of celebrating policies that have compounded their suffering.
The outspoken analyst urged the federal government to rethink its strategies and implement people-centered policies to alleviate the economic woes affecting millions of citizens.
