Labour Party Caucus Criticizes Economic Decline Under Tinubu’s Administration

The Labour Party (LP) Caucus in the House of Representatives has criticized the state of Nigeria’s economy, stating it has “dangerously continued” in a free fall since President Bola Tinubu assumed office one year ago.

In a statement signed by their leader, Afam Ogene, the lawmakers expressed doubt about Tinubu’s ability to rescue the nation, citing rising insecurity and economic hardship as contradictions to his renewed hope agenda promise.

“Our Caucus had taken a backseat in the patriotic hope that, maybe, just maybe, the beneficiary administration would be able to work magic and pull the nation from the precipice of economic annihilation.

But, as can be obviously felt by the blind and seen by the deaf, the entire country has, after one year, come to the full and unambiguous understanding of what President Bola Tinubu meant when he said that his administration would continue with the legacies of his predecessor,” the statement reads.

The lawmakers highlighted the alarming negative economic indicators, which they claim have shocked many previous optimists, including themselves.

They urged President Tinubu to “urgently” prioritize reducing the suffering of Nigerians by ensuring food security, access to clean water, healthcare, and education.

“Tackling poverty and guaranteeing these necessities are pivotal to the sustenance of peace in the nation,” they emphasized.

Additionally, the caucus called on the government to intensify the fight against corruption, stressing the importance of transparent governance and accountability.

“We also warn that the government should desist from throwing the nation to the whims of foreign financial institutions, whose policies in developing countries are often anti-people,” the statement concluded.