President Tinubu Has Thrown Nigerians Into The Bottomless Hole Of Hunger – Majeed Dahiru

Nigeria’s presdient, Bola Tinubu failed with the way he addressed the nation amid the ongoing Bad Governance protest, Majeed Dahiru has said.

He recently had his say while speaking to the press, and Nigerians have been reacting.

According to him, the president’s speech not only failed to address the fundamental demand for the restoration of petrol subsidy by the Nigerian people, he also doubled down on the fatal policy with a touch of disdain for Nigerians.

He added that Tinubu has thrown Nigerians into a bottomless hell hole of hunger and misery, and he is still digging.

His words, “President Tinubu’s address to the nation not only failed to address the fundamental demand for the restoration of petrol subsidy by the Nigerian people but he doubled down on the fatal policy error of his administration in an unfeeling and detached manner, with a touch of disdain for the people. It would seem, by his response to the protesters’ demand to restore subsidy on petrol, that President Tinubu has thrown Nigerians into a bottomless hell hole of hunger and misery, and he is still digging, while at the same time insisting that his worst performance in the last one year is the best for Nigeria.

Following the twin policy decisions to remove subsidy on petrol and the floatation of the naira against major world currencies by President Ahmed Bola Tinubu upon assumption of office a little over a year ago, the predictable consequences of these IMF/World Bank induced neoliberal economic experimentations have exploded in the faces of its promoters. President Tinubu’s widely advised but ill-informed policy decision to remove petrol subsidy and float the naira has seen the price of Nigeria’s most utilised energy product quadruple from less than N200 a litre to between N700 and N800 a litre, thereby setting off the worst inflation in the living memory of Africa’s most populous country. With wages remaining stagnant but thoroughly depreciated by the free fall of the naira and soaring energy prices, most of Nigeria’s 200 million people are now experiencing a cost of existence crisis that is accentuated by the widespread hunger, misery and deprivation in the land.

Having endured the dire consequences of the toxic effects of the IMF/World Bank induced experimentation in the last one year, the Nigerian people have decided to draw the attention of their leaders to their unbearable plight by embarking on protests. Tagged “end bad governance,” the organic, amorphous and unorganised protest by Nigerians from all divides that have been united by hunger have been on the streets of Abuja, Lagos, Kaduna, Kano, Port Harcourt, Benin, Jos, Maiduguri, etc., making demands for a better Nigeria, wherein their welfare and security are guaranteed. The protests, which have been characterised by social unrest in some cases, have one consistent demand among many others – the return of subsidy on petrol.

This is because common sense economics have linked the current hardship in Nigeria to the cost of petrol; an energy product that powers the bulk of Nigeria’s small-and-medium-scale-enterprises-dominated economy. Petrol, as Nigeria’s most utilised energy product, drives the largest segment of the country’s Gross Domestic Product, from agriculture to services and from transportation to manufacturing sectors. Common economic sense should have indicated that an increase in the price of such an energy product will increase the cost of production and induce a severe cost push form of inflation, such as the kind Nigeria is currently grappling with. And many Nigerians have come to this common sense realisation that subsidy removal on petrol by President Tinubu is primarily responsible for the current hardship and hunger they are facing.”

WOW.