Tinubu Recieves UNEXPECTED Message As Farooq Kperogi Talks Tough, Tell Nigerans To Do This Amid Crumbling Economy
In a recent analysis, renowned columnist and academic, Prof. Farooq Kperogi, evaluated the economic strategies and reforms implemented by President Bola Tinubu over the past 21 months. He expressed grave concerns about the trajectory of Nigeria’ s economy, suggesting that a comprehensive reevaluation of government policies is urgently needed to avert potential disaster.
Prof. Kperogi articulated that the economic measures following the removal of petroleum subsidies, the devaluation of the Naira, and the distribution of palliatives worth billions of naira appear to be more experimental than effective. He cautioned that these policies, influenced by the International Monetary Fund (IMF) and World Bank, are exacerbating the suffering of Nigerians rather than alleviating it. According to him, the current approach is causing widespread distress among the populace, leading to a gradual deterioration of living conditions.
His remarks came during an episode of the monthly discussion series, Boiling Point Arena, where he was joined by transparency advocate, Mr. Seun Onigbinde. The session, hosted by media expert Dr. Ayo Arowojolu, was broadcast live on three radio stations, including WASH 94. 9FM in Lagos, Sweet 107. 1FM, and Roots 97. 1FM in Abeokuta. The focal discussion revolved around the pressing economic crises in Nigeria, emphasizing the intensifying hardships faced by citizens despite government efforts to provide relief.
Kperogi criticized the government for implementing policies prescribed by international financial institutions that seem to prioritize repayment of loans over the well- being of the Nigerian people. He argued that these measures have decimated the middle class and failed to generate the promised economic benefits. Instead of improving living standards, the situation has become dire, with many citizens experiencing significant hardship.
The professor lamented that the minimum wage of N70, 000, which was challenging to implement, is insufficient to meet the basic needs of workers. He indicated that the economic agenda set forth by President Tinubu has not yielded positive results, urging for a fundamental rethink of the current policies. He expressed a sense of urgency, suggesting that the ruling elite are exploiting the situation, thereby endangering the very fabric of society.
Kperogi also criticized the nation’ s budgeting process, labeling it a ” legalized scam” that facilitates the institutional theft of national resources. He contrasted Nigeria’ s practices with those in the United States, where public officials, including the President, are held accountable for their expenditures.
In conclusion, Prof. Kperogi urged that the current trajectory poses severe risks to Nigeria’ s economic stability. He called for a critical reassessment of the policies in place, warning that without significant changes, the country may face further economic challenges that could have dire consequences for its citizens.
