Only Elites Benefitting From Tinubu’s Policies, Poor Nigerians Facing Severe Hardship — Falana | Citizen NewsNG
Citizen NewsNG
2 min read
Human rights lawyer, Femi Falana, has said the economic policies of President Bola Tinubu have worsened the plight of Nigerian masses.
He said only the rich are benefiting from these policies.
The Senior Advocate of Nigeria, SAN, stated this during an interview on Channels TV, Politics Today on Monday.
While disagreeing with the position of the ruling All Progressives Congress,APC, that the president has turned the tides within two years of his administration, Mr Falana maintained that many Nigerians struggle to survive under excruciating economic conditions introduced by Tinubu’s administration.
“For members of the government—and I’m talking of top officials—it’s been very rosy. One of them was singing a week ago that things are getting better.
“Of course, for the rich, the bourgeoisie, things are getting better. But for the masses of our people, things are getting tougher because they are going through an excruciating economic crisis,” Mr Falana stated.
“In fairness to the president, on many occasions, he has asked Nigerians to bear with him, to exercise patience, that our economic programme will lead to prosperity.
“Whether you believe that or not is another matter, but the government itself realises that there is a crisis in town, that people are hungry, that many are about to withdraw their children from school because of the rigid implementation of neoliberal policies dictated or endorsed by the IMF and World Bank,” the seasoned lawyer added.
The lawyer also urged the government to abandon economic prescriptions by international financial institutions and instead prioritise policies tailored to Nigeria’s socio-economic realities.
He further criticised the government’s decision to devalue the naira, noting its devastating impact on the cost of living.
“My position, which I have made repeatedly clear, is that the government must abandon the prescriptions of the Bretton Woods institutions and have confidence in Nigeria so that Nigerians can be given the opportunity to run this country in the interest of our people.
“If you devalue the currency of a country that is import-oriented, you are going to have an astronomical rise in the price of goods—and that is what has happened to our country. You devalue the currency, and you lose interest,” he said.
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