
Let The Middle Class Breathe, Nigerians Are Suffering – LP Senator Tells Tinubu
Neda Imasuen, the Labour Party (LP) Senator representing Edo South, has strongly criticized President Bola Tinubu’s administration for its decision to simultaneously remove the petrol subsidy. This move, according to Imasuen, is causing significant hardship for the Nigerian populace, especially affecting the middle class adversely.
In a recent appearance on “Inside Sources” with Laolu Akande, which was broadcast on Channels Television on October 20, 2024, Imasuen expressed his deep concerns. He highlighted that the timing of these policy implementations could not be worse, arguing that they are exerting undue pressure on the Nigerian citizens who are already grappling with economic challenges.
Senator Imasuen’s critique underscores the urgent need for the government to reconsider its approach and provide necessary support to lessen the financial strain on its citizens. By addressing these concerns, the administration could ensure that its policies do not disproportionately affect the middle class but strive for economic stability and growth in Nigeria.
In his words:
“This is not the time to trade blame; it’s time to sit down and say, look, our people are suffering, how do we sort out the situation we have found ourselves in?
“The steps that are being taken, I’m afraid that the suffering that Nigerians are going through right now is too much a price to pay for it.
“Now, this is a country that we don’t produce, we import, and we are devaluing our naira. I don’t see how that is going to help us. Everything is tied to the dollar, and the dollar keeps going up.
“Let’s develop our industries. These SMEs work a lot if we can strengthen small and medium enterprises and give the middle-class breathing space to do what he has to do.
“On this question of subsidy, there is no country that does not subsidise, especially in the area of agriculture. Our farmers need access to funding and they need government intervention to produce the food that we need. Today, many cannot buy a bag of rice; it’s about N100,000.”
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