Chris Emejuru, a public affairs analyst and Action Democratic Party (ADP) chieftain, criticises President Bola Tinubu’s economic reforms, saying they are worsening living conditions for many Nigerians. In a statement titled “Nigeria at a Crossroads,” Emejuru argues that measures including the removal of fuel subsidy and the floating of the naira were implemented with good intentions but have deepened hardship. He says the increase in petrol prices affects costs across key areas such as food, rent and transportation, pushing more people into poverty. The reports also cite the exchange rate, described as hovering around ₦1,400 to the dollar, as a major challenge for households and businesses, including families seeking to travel or pay school fees and businesses that import goods. Emejuru acknowledges that the reforms may have reduced bottlenecks and boosted investor confidence, but he says ordinary Nigerians have seen little day-to-day improvement. He suggests reforms should have been carried out gradually with safety nets and calls for measures such as affordable transport, agricultural support and housing incentives. He also recommends reconsidering aspects of currency policy and improving tax reforms to better support small businesses.
ADP chieftain Chris Emejuru criticises Tinubu economic reforms over rising hardship
Chris Emejuru, a public affairs analyst and Action Democratic Party (ADP) chieftain, criticises President Bola Tinubu’s economic reforms, saying they are worsening living conditions for many Nigerians...
- Chris Emejuru, an ADP chieftain and public affairs analyst, criticises President Bola Tinubu’s economic policies.
- He says the removal of fuel subsidy and the naira’s floating have contributed to rising hardship and poverty.
- The reports cite higher petrol prices as affecting food, rent, transportation and other costs.
- Emejuru points to the exchange rate being around ₦1,400 per US dollar as a constraint for households and businesses.
- He argues reforms should include safety nets and suggests alternatives such as gradual implementation and targeted support for sectors like agriculture and housing.
Public affairs analyst and Action Democratic Party (ADP) chieftain, Chris Emejuru, has sharply criticised President Bola Ahmed Tinubu’s economic reforms, warning that they are worsening poverty across Nigeria.In a statement released on Sunday, Emejuru argued that policies such as the removal of fuel subsidy and the floating of the naira were introduced with good intentions but have left millions of Nigerians struggling.“The increase in petrol prices has impacted food, rent, transportation, and other critical sectors, leaving millions more in poverty. It should have been done gradually with safety nets,” he said.Emejuru suggested that measures such as affordable transport options, agricultural support, and housing incentives could have cushioned the impact. He noted that while the reforms reduced bottlenecks and boosted investor confidence, ordinary Nigerians have seen little improvement in their daily lives.He pointed to the exchange rate, now hovering around ₦1,400 to the dollar, as a major obstacle for families and businesses. “For many Nigerians who once had the means to travel abroad, pay school fees, or import goods, that is no longer possible,” he lamented.Emejuru advocated for a managed float system, where market forces are balanced with a peg to ensure fairness. He also questioned the effectiveness of recent tax reforms, stressing the need for harmonisation and practical benefits for small businesses.“More investment in the digital economy would benefit Nigerians more than reforms that merely have good intentions,” he added.
2 hours agoA public affairs analyst and chieftain of the Action Democratic Party, ADP, Chris Emejuru, has criticised President Bola Ahmed Tinubu over his economic policy reforms. In a statement on Sunday, Emejuru said Tinubu’s policies, including the removal of fuel subsidy and the floating of the naira, are hurting Nigerians. According to him, although the reforms were […] Hardship: Your economic policies are hurting Nigerians – Emejuru tells Tinubu
3 hours ago…Says good intentions alone are not enough By Henry Umoru ABUJA — A United States-based entrepreneur and chieftain of the Action Democratic Party (ADP), Chris Emejuru, has criticised some of President Bola Tinubu’s economic policies, alleging that they have worsened the living conditions of many Nigerians. In a statement titled, “Nigeria at a Crossroads,” Emejuru […] The post Tinubu’s economic policies hurting Nigerians, ADP chieftain alleges appeared first on Vanguard News.
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