Timi Frank, former Deputy National Publicity Secretary of the All Progressives Congress (APC), has expressed deep concern over the escalating economic challenges faced by Nigerians under the leadership of President Bola Tinubu.
In a statement released on Monday, Timi Frank lamented the inability of many citizens to afford essential food items and beverages, casting a shadow over the festive season.
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Timi Frank underscored the persistent scarcity of the Naira, emphasizing that obtaining the national currency has become an arduous task for Nigerians.
The former APC chieftain decried the non-payment of the new minimum wage, further exacerbating the financial strain on the populace.
Highlighting the unfulfilled promises of Tinubu’s touted investment drive, Frank pointed out the departure of key investors like Proctor and Gamble, Shoprite, and Jumia Foods.
The exit of these businesses, according to Frank, raises concerns about the economic viability of the nation.
Timi Frank Emphasizes Hardship Facing Nigeria
“The first Christmas under Tinubu’s administration is poised to be the worst and a nightmare for Nigerians”.
He painted a grim picture of citizens grappling with soaring inflation, which has surpassed 28 percent, coupled with the skyrocketing costs of petroleum products following the abrupt removal of fuel subsidies in May.
Frank criticized the government’s failure to address these pressing issues, noting that the financial gains of many Nigerians have been eroded by inflationary pressures.
He emphasized the disparity between the rising cost of living and the stagnant minimum wage of N30,000, rendering essential commodities such as a bag of rice beyond the reach of many.
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The former APC official also called attention to the non-payment of salaries and the lack of cash transfers to vulnerable citizens, despite the government securing a World Bank facility for such purposes.
As Nigerians brace themselves for the festive season, Frank’s stark assessment raises questions about the economic policies and priorities of the Tinubu administration, leaving many citizens grappling with the harsh realities of their financial predicament.
