Michelle Thompson
Sun, Aug 6, 2023 4:05 PM

Stakeholders Critique President Tinubu's Palliative Measures

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Stakeholders Critique President Tinubu's Palliative Measures
Nigerian stakeholders have expressed skepticism over the palliative measures announced by President Bola Tinubu, stating that they may not adequately address the country's economic challenges. Critics argue that the government needs to seek expert advice and explore long-term solutions to the prevailing issues. Others question the effectiveness and transparency of previous economic stimulus packages, further eroding public trust in the government's ability to provide meaningful relief.

Nigerian stakeholders have taken a critical look at the palliative measures announced by President Bola Ahmed Tinubu earlier in the week, with the majority expressing doubts about their efficacy in addressing the economic challenges facing the nation.

In a national broadcast on the eve of a proposed nationwide protest, Tinubu unveiled a series of palliative measures intended to mitigate the effects of the removed petroleum subsidy. However, many stakeholders argue that these measures are short-term remedies that do not adequately address the deep-rooted issues affecting the country.

Dr. John Okoro Kome, a cleric and politician, expressed his skepticism about the announced palliatives, calling them a mere distraction. He emphasized the need for the government to seek the advice of economic experts and formulate more comprehensive solutions to the prevailing economic crisis. Kome also highlighted the erosion of public trust in the government due to previous failed economic stimulus packages.

Similarly, Chief (Engr.) Martin Onovo, a petroleum engineer and activist, criticized President Tinubu's competence, alleging that he submitted a forged certificate during the election campaign. Onovo argued that Tinubu's removal of the petroleum subsidy displayed his incompetence, and the subsequent palliative measures showcased his lack of strategic planning.

Barrister Alaowei Ebikonbowei Cleric, Chairman of the Board of Trustees for the Centre for Human Rights and Anti-Corruption Crusade, questioned the necessity of the palliative measures and raised concerns about the potential for corruption. He argued that previous social investment programs had failed to reach their intended beneficiaries.

However, not all stakeholders were dismissive of the palliatives. Barrister Emeka Iheonu, a Lagos lawyer, acknowledged that while the announced measures might bring some relief to Nigerians, there was still a need for long-term solutions to address the underlying issues. He commended initiatives such as the reduction in bus fares and the potential revival of local refineries.

The stakeholders' critiques reflect widespread cynicism among Nigerians regarding the government's ability to effectively tackle the country's economic challenges. The erosion of public trust, coupled with the prevailing economic hardships, necessitates the exploration of more comprehensive and sustainable solutions.

Source of content: OOO News 2023-08-06 News

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