Nigerian economy worse under Tinubu – Former APC Chieftain, Frank
A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has decried the worsening socio-economic conditions of Nigerians under President Bola Tinubu.
Frank in a statement issued Monday said Nigerians have faced the worst forms of economic hardships, pains, neglect and hunger in the last six months of Tinubu’s administration than any other time in the history of the nation.
He added that while the much trumpeted investment drive by Tinubu has not materialized, the few existing investors in the country like Proctor and Gamble, Shoprite and Jumia Foods, etc, are leaving in droves.
Frank noted: “This is going to be the first Christmas to be celebrated by Nigerians under Tinubu’s administration but it’s going to be the worst and a nightmare for Nigerians because they cannot even afford foodstuffs and drinks to celebrate the Yuletide.
“Naira scarcity is biting harder. Nigerians now buy Naira before they can use Naira. They cannot afford a bag of rice under his government because the cost is way above the N30,000 minimum wage.
“Salaries are not being paid. Now the new minimum wage. Wage award not paid. No cash transfer to vulnerable Nigerians after taking a World Bank facility to that effect.”
Frank stressed that whatever they have saved has been eroded by inflationary pressures which now stand at over 28 percent and the high cost of petroleum products following the abrupt removal of fuel subsidy in May.
He alleged that critical sectors of the economy are headed by Tinubu’s men, claiming the country is not working because all sectors under his administration have been deliberately compromised and corrupted.
