The Nigeria Labour Congress (NLC) has criticized President Bola Tinubu’s economic policies, stating that they are worse than those of his predecessors, Goodluck Jonathan and Muhammadu Buhari. NLC spokesperson Benson Upah praised Buhari’s administration for being accommodating and taking steps to stabilize the economy, such as providing funds to states to pay backlog salaries and pensions.
Upah condemned Tinubu’s removal of fuel subsidies, citing the negative consequences on the economy and citizens. He also compared the exchange rates during Jonathan’s administration to the current rates, highlighting the decline in economic stability. The NLC spokesperson emphasized that the current government’s policies have led to progressive worsening of the economy, with increasing debt, interest rates, and exchange rates.
The NLC’s criticism reflects growing concerns about the impact of Tinubu’s economic policies on Nigerians. The removal of fuel subsidies has led to increased fuel prices, affecting transportation costs and food prices. The NLC’s comparison of Tinubu’s policies to those of his predecessors highlights the need for a reevaluation of the current economic strategy to ensure a better standard of living for citizens.
