Senator Neda Imasuen, representing Edo South in the National Assembly, has expressed concern over the economic policies of Chief Bola Tinubu’s administration.
Speaking on Channels Television’s Inside Sources programme, the lawmaker, a member of the Labour Party (LP) and Chairman of the Senate Committee on Ethics, Privileges, and Public Petitions, criticized the removal of the petrol subsidy and the unification of forex windows.
Imasuen argued that these reforms disproportionately impact Nigerians, particularly the middle class, who are bearing the brunt of the hardship. He noted that while the legislature can only support the executive and hope for positive outcomes, the current situation calls for immediate solutions to alleviate the suffering of the masses.
The lawmaker, however, believes the situation at hand is not one for trading blame, but rather a time when people should sit down and seek solutions to the suffering of the masses.m
“The steps that are being taken, I’m afraid that the suffering that Nigerians are going through right now is too much of a price to pay for it,” he said.
“Now, this is a country that we don’t produce; we import, and we are devaluing our naira. I don’t see how that is going to help us. Everything is tied to the dollar, and the dollar keeps going up.
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“Let’s develop our industries. These SMEs work a lot if we can strengthen small and medium enterprises and give the middle class breathing space to do what they have to do.
“On this question of subsidy, there is no country that does not subsidise, especially in the area of agriculture.
“Today, many cannot buy a bag of rice; it’s about N100,000,” he added.
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