Mitigating economic hardship: The Nigerian narrative

President Bola Ahmed Tinubu at a World Economic Forum meeting in Riyadh on 28 April, 2024. © Fayez Nureldine/AFP

President Bola Ahmed Tinubu came into power on Monday, May 27, 2023, with his first statement that subsidy was gone, and immediately there was a drastic change. Prices of everything began to soar. It affected transportation, food items, petroleum products, and practically all goods and services in the country.

In recent times, the Nigerian government has given the private sector too much free hand to operate, thereby enabling some capitalists to take advantage of the situation within the nation. The cost of living is on the high side within the country. The border needs to be reopened to lessen the suffering.

The leadership of the Nigeria Labour Congress is clamouring for an increase in salary of workers. When and if that happens, without striking a proper balance, it may also lead to other unintended consequences. Prices of commodities and services will skyrocket which will breed another problem in the country. There must be a balance in all these.

Operatives of the Ekiti State Police Command have arrested eight suspected cultists believed to be students of Ekiti State University, Ado-Ekiti at the university campus.

Source: Financial Digest (financialdigest.net)

Nigerian Narrative President Bola Ahmed Tinubu Subsidy

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