Comparison of Administrations
The Nigeria Labour Congress (NLC) has expressed concerns that the economic policies under President Bola Tinubu are less effective than those of his predecessors, Goodluck Jonathan and Muhammadu Buhari. In a statement given to Daily Trust, NLC spokesperson Benson Upah reflected on the accommodations and efforts of the previous administrations to stabilize the nation’s economy, which they view as superior to the current strategies.
Economic Strains Under Tinubu
The removal of the fuel subsidy by President Tinubu has been particularly controversial, with Upah criticizing the administration for not fully considering the broader economic consequences of such decisions. This policy change has led to significant public dissatisfaction, marking a stark contrast to the perceived stability during Buhari’s tenure, where efforts were made to alleviate financial burdens on states and citizens.
Economic Indicators in Decline
Further exacerbating the situation, the NLC has pointed out a worrying trend in worsening economic indicators such as exchange rates and national debt under Tinubu’s leadership compared to the Jonathan era. This observation underpins the Labour’s stance that economic conditions are deteriorating, moving further away from the improvements hoped for.
Public Reaction and Labour’s Stance
The labour union’s comparison of current policies to those of Jonathan and Buhari highlights increasing disillusionment among Nigerian workers. This sentiment reflects deeper concerns about the economic and social welfare under President Tinubu’s administration. The NLC remains committed to advocating for policies that better address the economic and social needs of Nigerians. They continue to push for changes that aim to improve living standards and economic stability across the country.
Looking Forward
As Nigeria continues to navigate these challenging economic waters, the effectiveness of Tinubu’s policies will remain under close scrutiny by both the NLC and the wider public. The administration’s next steps could be crucial in determining the economic trajectory of the country.
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