THE pan-Yoruba socio-political organisation, Afenifere, has urged President Bola Tinubu to review his economic policies, noting that they have pauperised Nigerians.
Afenifere, in a statement by its Publicity Secretary, Justice Faloye, urged President Tinubu to alleviate the plight of Nigerians.
Reviewing Tinubu’s first year in office, the Yoruba body said: “The economy has experienced severe turbulence in the one-year administration of President Bola Tinubu, worsening the previous administration’s economic legacy.
“Afenifere, hereby, calls for a better understanding of the economy to stop the al
arming rate of inflation, devaluation, increasing unemployment, homelessness and poverty.
“Firstly, it is an illogical economic belief that the subsidy removals and tax increases that remove money from the economy will stimulate economic growth.
“Therefore, the adoption of flawed neo-liberal theories of subsidy removal and unbridled tax increases must be stopped since they always contract the economy and ours is no exception as companies are folding up and leaving due to fuel and electricity costs skyrocketing, fuelling galloping inflation and fall of real incomes.
Share your story or advertise with us: Whatsapp: +2347068606071 Email: info@newspotng.com
