Follow Us on Google
From Okwe Obi, Abuja
The New Nigeria People’s Party (NNPP) has assessed the administration of President Bola Tinubu, in the last one year, and declared that government has performed poorly.
The party stated that the economic indicators and performance index of the economy has not presented to Nigerians any hope because of the hardship in the country.
NNPP National Publicity Secretary, Ladipo Johnson, in a statement yesterday, told the Federal Government to review its economic policies to align with the prevailing sufferings of the people and boost food production in the country.
Also, he criticized the implementation process of the subsidy removal which he said has had “real consequences” on inflation and cost of living generally.
According to him, the devaluation of the naira and the resort to huge borrowing from local and foreign institutions should be carefully reviewed in tandem with the effects on the economy and the need for prudent management of resources.
He called for a substantial reduction in the cost of governance and a clear eye on leakages, corruption and accountability.
Johnson said the NNPP was concerned about the scores of manufacturing companies that have now left the country even as the Manufacturers Association of Nigeria (MAN) said 367 companies stopped production activities from December 2023 and that among those still in business, 335 are in distress, while N350 billion worth of goods were not sold.
“The renewed hope now looks like a feeble orchestration, hope is dimming.
“As reported by the National Bureau of Statistics (NBS), inflation now stands at 33.69 per cent, highest in 28 years and food inflation at 40.53 per cent in April. This is not comforting in any way.
“While education and health in particular are underfunded, we can see much wasteful application of scarce resources in less important activities which suggest misplaced priorities.
“In our candid opinion, the last one year has been a nightmare for Nigerians who are now poorer amidst poverty, hunger and untold suffering.
“Government said it is renewing hope but this has to translate into tangible deliverables to hedge against the prevailing hunger and starvation among the populace.
“Regrettably, the unrelenting dire security situation in the country is worsening the concerns of the people and this should be a priority to the government as we call for a drastic review of policies and programmes of the administration,” he said.
