A thread on: Politicians’ habits unchanged as Nigerians bear economic reform pain
Barely six days after Godwin Akpabio’s inauguration as Senate president, his security aides were seen riding expensive exotic power bikes as part of his convoy.
#politicians #economy #businessday
Barely six days after Godwin Akpabio’s inauguration as Senate president, his security aides were seen riding expensive exotic power bikes as part of his convoy.
#politicians #economy #businessday
Many Nigerians who are feeling the pinch of economic reform have complained that politicians have shown no signs of cutting down the cost of governance and share in the pain.
#politicians #economy #businessday
#politicians #economy #businessday
Subsidy removal, naira devaluation, and the implementation of a value-added tax on diesel imports are causing further spikes in the prices of goods and exacerbating a cost-of-living crisis in Africa’s biggest economy.
#politicians #economy #businessday
#politicians #economy #businessday
The situation is likely going to worsen in July as analysts have projected a further acceleration in inflation when the imminent electricity tariff hike takes effect.
#politicians #economy #businessday
#politicians #economy #businessday
“It is getting difficult daily for Nigerians, especially with the recent petrol subsidy removal and naira float and other reforms the Tinubu’s led-government is doing,” Demola Balogun, a mechanic at Ketu, in Lagos, said.
#politicians #economy #businessday
#politicians #economy #businessday
“They are good reforms but they are seriously hurting Nigerians and businesses. My family can’t even afford to eat thrice daily anymore as prices keep soaring,” Balogun added.
#politicians #economy #businessday
#politicians #economy #businessday
The effects of the inflation scourge are more evident in the northern parts of the country where malnutrition and hunger rates are surging daily as millions of children roam the streets in search of food.
#politicians #economy #businessday
#politicians #economy #businessday
“Our cost of living has doubled owing to inflation, and we are left with nothing to feed,” said Ummi Ahmed, a 33-year-old housewife and mother of five in war-torn Mubi in Adamawa State – where people and animals fight to survive.
#politicians #economy #businessday
#politicians #economy #businessday
The worsening cost-of-living crisis is causing a decline in living standards, which is hurting physical and mental health and worsening existing conditions, according to experts.
#politicians #economy #businessday
#politicians #economy #businessday
The renewed pressure is not only felt by households but also businesses, as the recent reforms are already taking their toll and threatening to keep many out of business.
#politicians #economy #businessday
#politicians #economy #businessday
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