Bauchi State Governor Bala Mohammed has urged the Bola Tinubu-led Federal Government to reevaluate its monetary and fiscal policies (reforms), asserting that they are failing to alleviate the growing economic hardship faced by Nigerians.
Speaking at the launch of the Nigeria Development Update in Abuja on Thursday, Mohammed emphasised the need for a change in approach, warning that the current situation has created a volatile environment due to widespread hunger and frustration among citizens.
The governor highlighted the challenges even faced by officials, stating that the threat of public backlash is rising as ordinary Nigerians struggle to cope with diminishing purchasing power.
Mohammed specifically called on the Central Bank of Nigeria (CBN) Governor, Cardoso, to review these ineffective policies, emphasising the urgency of the situation and the need to prioritize the well-being of the populace.
He stated, “When the reforms started, the sub-nationals supported the President. But now, the macroeconomic policies causing inflation need to be reconsidered. There is hunger, people are suffering, and Nigerians are not benefitting from these reforms.
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“What are you doing to reduce hunger? We must help the people cope.
“The purchasing power of the people has drastically diminished.
“My brother Cardoso (CBN governor), these policies are not working. They need to be reviewed. Let’s not resort to blackmail,” the governor added.
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