Business
By Prof. Charles Chukwuma Soludo
NIGERIA is undergoing fundamental re-setting of the macroeconomic framework. The long overdue disruptive change (especially the removal of subsidy on PMS and reduction of distortions in the exchange rate) comes with certain hardships on all the residents of Nigeria. Governments at all levels in Nigeria have shown a keen commitment to ameliorate the consequent short term effects of the policy change on livelihoods. The President of Nigeria, Asiwaju Bola Ahmed Tinubu, GCFR, has rolled out an agenda of palliatives as the response of the federal government. We support the FGN agenda and expect to partner with the federal government to ensure that Anambra residents benefit maximally from the federal programmes.
Ours is a government on the foundation of the All Progressives Grand Alliance (APGA). We are progressives, and the welfare of the ordinary Nigerians especially the poor and vulnerable, remains our primary focus. Our motto is: “Be your brother’s and sister’s keeper”. There is no better time to rise up to the full essense of our motto and ideological stance on behalf of the ordinary persons than now.
In our 2024 budget, we shall roll out a more comprehensive agenda to address the medium to longer term issues that will help to smoothen the path for all our residents, and ensure that everyone shares in our broad agenda of building a livable and prosperous homeland. In the meantime and over the remaining four months of the year (September – December 2023) as well as within the context of our 2023 budget framework, we are rolling out a few immediate and medium term measures.
Our response recognizes that the subsidy removal affects ALL citizens, especially millions of the unemployed and underemployed youths and vulnerable segments of the population. Our interim response reflects the need to target the total population.
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August 21, 2023 @ 18:35 GMT|
Tags: Asiwaju Bola Ahmed Tinubu
