Labour Party Criticizes Ineffectiveness of FG's N4.3tn Palliative Measures

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The Labour Party (LP) has criticized President Bola Tinubu's administration, claiming that the N4.3tn allocated for palliatives and loans to mitigate the effects of fuel subsidy removal has failed to positively impact the lives of ordinary Nigerians.


The All Progressives Congress (APC), however, disputes this claim, asserting that without substantial evidence, it's unfair to say the palliatives didn't reach the intended vulnerable populations.


In an interview, LP National Publicity Secretary Obiora Ifoh and APC Deputy National Organizing Secretary Nze Chidi Duru expressed their divergent views on the matter. The controversy arises from the government's economic policies following the removal of the fuel subsidy, which included various palliative measures such as food distribution, cash aid, transport fare rebates, and the acquisition of gas-powered buses.


During a national broadcast on July 31, President Tinubu announced the first set of palliatives: N100bn for 3,000 CNG-fueled buses, N200bn for agricultural production, N75bn for manufacturers, and N125bn for micro, small, and medium-sized enterprises. These measures aimed to alleviate the economic hardship caused by the fuel subsidy removal.


Despite these efforts, Ifoh claims that the palliatives have not reached the grassroots level, pointing to rising inflation and food prices as evidence. He questions the allocation of funds, stating that no tangible benefits have been observed among Nigerians, including his own community.


Ifoh argues that the proposed N62,000 minimum wage is insufficient, especially when considering the cost of basic necessities like bread. He criticizes the government's priorities, citing the planned purchase of new presidential aircraft amidst the economic crisis, and calls for more immediate and effective action to address the suffering of Nigerians.


In contrast, Duru defends the APC's efforts, acknowledging the role of opposition in a democracy to hold the ruling party accountable. He emphasizes the importance of reviewing the distribution of palliatives to ensure they reach the intended beneficiaries and address economic hardships effectively.


The LP's criticism underscores the ongoing challenges faced by Nigerians in the wake of economic reforms, and calls for more transparent and effective government measures to ensure that relief efforts reach those most in need.

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