APC Chieftain Cautions Tinubu Against Electricity Subsidy Removal
Ambassador (Dr) Ibrahim Tajudeen Olesin, a prominent figure within the All Progressives Congress (APC), has issued a cautionary message to President Bola Ahmed Tinubu regarding the removal of electricity subsidies.
He warns that such a move, prompted by the International Monetary Fund (IMF) among others, could significantly exacerbate the already dire hardships faced by the Nigerian masses.
Expressing concern over the potential consequences, Ambassador Ibrahim Tajudeen Shola emphasized that eliminating electricity subsidies would place an unbearable financial burden on ordinary Nigerians.
He stated: “In a country where a significant portion of the population live below the poverty line, any increase in utility costs will directly impact the ability of families to afford basic necessities.”
Highlighting the current economic challenges plaguing the nation, including high unemployment rates and sluggish growth, Ambassador Ibrahim Tajudeen Shola argued that the timing for such a proposal could not be worse.
He cautioned: “Nigeria is already grappling with a myriad of economic challenges, including high unemployment rates, sluggish growth, and a depreciating currency.”
Furthermore, Ambassador Ibrahim Tajudeen Shola warned of the potential for widespread social unrest and civil disobedience if electricity subsidies were removed. He pointed out: “The removal of electricity subsidies would only serve to exacerbate these issues, further eroding purchasing power and deepening the economic hardship faced by the average citizen.”
Referencing recent protests in Minna and Kano States, Ambassador Ibrahim Tajudeen Shola emphasized that hunger and dissatisfaction are prevalent sentiments among the populace. He stressed: “Recently, Nigerians took to the streets in Minna and Kano States, not to cheer the government over its magnificent handling of the economy but to sing one song: WE ARE HUNGRY.”
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In conclusion, the APC Chieftain urged the government to reconsider any plans to remove electricity subsidies, emphasizing the negative impact such a decision could have on the lives of ordinary Nigerians.
He highlighted: “If the government has learnt anything from the unpopular and unrealistic policy of subsidy removals, it is that no good comes out from a population that is burdened by the weight of creating an enabling environment for their lives to make any sense.”
