{"id":848857,"date":"2025-05-16T22:12:27","date_gmt":"2025-05-17T03:12:27","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/16\/nigerians-suffering-worse-under-tinubu-adp-national-chair\/"},"modified":"2025-05-16T22:12:27","modified_gmt":"2025-05-17T03:12:27","slug":"nigerians-suffering-worse-under-tinubu-adp-national-chair","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/16\/nigerians-suffering-worse-under-tinubu-adp-national-chair\/","title":{"rendered":"Nigerians\u2019 suffering worse under Tinubu \u2013 ADP national chair"},"content":{"rendered":"

The National Chairman of the Action Democratic Party (ADP), Eng. Yabagi Sani, says President Bola Tinubu\u2019s administration will go down as one of the worst in Nigerian history for inflicting \u201chunger and pain\u201d on citizens.<\/strong><\/p>\n

A report by the Nigerian Economic Summit Group (NESG), indicates that over seven million businesses shut down in Nigeria in the two years of the current administration.<\/p>\n

The report, according to Dr. Segun Omisakin, Chief Economist and Director of Research at the NESG, says during this period, Nigeria recorded an estimated N94 trillion loss due to multinational divestments and business closures and that the economic downturn has led to the closure of approximately 7.2 million businesses between 2023 and 2024.<\/p>\n

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He said additionally, 30% of Nigeria\u2019s 24 million Micro Small and Medium Enterprises (MSMEs) shut down during this period, underscoring the country\u2019s economic vulnerability.<\/p>\n

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But President Tinubu last Thursday, while receiving a delegation of former National Assembly colleagues, explained that Nigeria has started benefitting from the reforms he introduced.<\/p>\n

He said: \u201cWe faced serious headwinds when I took over; very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy\u2019s collapse.<\/p>\n

\u201cToday, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel\u201d.<\/p>\n

Speaking on Trust TV\u2019s Sunday Politics, Sani, who was the presidential candidate of the ADP in the 2023 election, expressed divergent views on the state of the economy.<\/p>\n

According to him, there is worse suffering in Nigeria than during the previous administration of ex-president Muhammadu Buhari.<\/p>\n

He called on the federal government to address inflation, exchange rate, and high cost of transportation among others.<\/p>\n

He said: \u201cNigeria\u2019s economy is a promise of greatness and I believe we can do much more beter with what is happening today. Yes, the government took certain decisions that one would say are necessary.<\/p>\n

\u201cBut today Nigerians are not happy. They are going through what is called \u2018Hell\u2019 because looking at Nigeria before President Tinubu took over power, it wasn\u2019t anything good, but today we are worse off.<\/p>\n

\u201cI understand that you must go through pains before enjoying but don\u2019t let the pains be prolonged otherwise by the time all the goodies come, there will be nobody available to enjoy them.<\/p>\n

\u201cSo, it is expected for this government to do more than what it is doing. The reality is that the current inflation in the country is too high.<\/p>\n

\u201cThe government should tackle the issue if corruption because it is there. Government should ensure that direct measures should be taken to ensure that the cost of transportation is addressed.<\/p>\n

\u201cAnother factor the government should address is the exchange rate. It also plays a big role in what becomes inflation. Nigeria imports a lot of things, therefore the strength of naira is crucial, that is what we are asking government to look at this.\u201d<\/p>\n

He continued: \u201cGovernment should take bold step to ensure that the manufacturing sector is alive and active, to ensure that they are able to produce at a price that Nigerians can afford.\u201d<\/p>\n

However, a Chieftain of the All Progressives Congress (APC), Comr. Samuel Danjuma, countered Sani\u2019s argument.<\/p>\n

He said: \u201cBy the time the previous administration was leaving in 2023, that budget had no provision for removal of subsidy.<\/p>\n

\u201cOne thing we should give to this administration is that from the inception of democracy in 1999 till date, I think if there is any administration that has pulled through with policies of government aimed at bettering the lot of the people and positioning the economy on the right track of recovery and prosperity, we should give it to the Bola Tinubu-led administration.\u201d<\/p>\n

On the continued high cost of transportation despite the reductions in the pump price of petrol by the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Group, he said: \u201cWe should begin to search our conscience to see if we are really doing what we are supposed to do as individuals. If the reason for the increase was because fuel price was at this rate and fuel price has dropped, it should automatically reflect in the cost of transportation.<\/p>\n

\u201cNigerians are the problem of their own self and not the government. The government is doing everything humanly possible to alleviate the sufferings of the people.\u201d<\/p>\n

He added that: \u201cThe government has released funds to assist the manufacturing industries to be able to mitigate the removal of fuel subsidy. But are they really using the funds judiciously?<\/p>\n

\u201cAs the government has a role to play, so do citizens. We should also look at our responsibility.\u201d<\/p>\n

Seun Adeuyi
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The National Chairman of the Action Democratic Party (ADP), Eng. Yabagi Sani, says President Bola Tinubu\u2019s administration will go down as one of the worst in Nigerian history for inflicting \u201chunger and pain\u201d on citizens. A report by the Nigerian Economic Summit Group (NESG), indicates that over seven million businesses shut down in Nigeria in<\/p>\n","protected":false},"author":1,"featured_media":848858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39961,2912],"tags":[89657,15191],"class_list":{"0":"post-848857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nigerians","8":"category-suffering","9":"tag-nigerians","10":"tag-suffering"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=848857"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/848858"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=848857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=848857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=848857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}