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By Chukwuemeka Umesi
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The Peoples Democratic Party (PDP) has urged President Bola Tinubu to address the nation and initiate an immediate review of his administration’s economic policies, which the party claims are exacerbating the country’s economic crisis.In a statement released on Thursday, the PDP’s National Publicity Secretary, Debo Ologunagba, emphasized that the growing unrest and nationwide protests are a direct response to the government’s “arrogance” and “insensitivity” towards the hardships faced by Nigerians.
The party highlighted its previous warnings to the APC administration, including a statement on June 6, 2024, which cautioned that “President Tinubu should listen to the heartbeat of Nigerians. There is hunger and destitution in the land. The reaction of a hungry people is better imagined! Mr. President, please act now.”The PDP accused the APC of worsening the crisis by allegedly hiring hoodlums to incite violence, while expressing alarm over the dire economic conditions.
“Nigerians can recall that the PDP on several occasions offered advice on the state of the economy to the APC government… Sadly, these counsels did not receive the expected consideration resulting in the current situation.”The party cited policies such as the abrupt increase in fuel prices and the arbitrary floating of the Naira as major contributors to the economic downturn.
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“Any people-oriented government ought to have been wary of the suffocating effect of the hasty and ill-implemented twin policies… without due cushioning measures to ensure the wellbeing of the people.”The PDP emphasized that these policies have led to a humanitarian crisis, with millions of citizens struggling to access basic necessities.
“A bag of rice sells for over N85,000; a bag of beans goes for N150,000; a measure of garri now sells for N1,500 while a measure of cooking oil which sells for N1,200 now sells for N12,000 with prices of all food items increasing daily.”The party also expressed outrage over alleged looting of national funds, including a reported N5.4 trillion fuel subsidy payment for 2024.
“What Nigerians expect at this time is for President Bola Ahmed Tinubu to personally address the nation, announce major policy reviews and order an investigation into the alleged looting of subsidy and palliative funds.”
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