A former National Vice Chairman, North-west of the All Progressives Congress (APC), Dr Salihu Lukman, has pointed out that the living conditions of Nigerians are getting worse under President Bola Ahmed Tinubu’s watch.
In a statement on Monday titled, ‘Disturbing Signals: Open Letter to President Asiwaju Bola Ahmed Tinubu’, Lukman described most of the president’s decisions since he assumed office as disturbing.
The ruling party chieftain decried the management of policy initiatives, especially the exchange rate issue.
Lukman noted, “Some of us expect that decisions around the exchange rate will be an integral part of the broader economic policy of the government.
“Now, it would appear that an isolated decision has been taken to float the Naira without any clear economic policy.
“The consequence is that the Naira is on a downward swing. Combined with the rising cost of transport as a result of the withdrawal of subsidy, the inflationary pressure on the economy is very high.
“As a result, living conditions are getting worse. At this rate, poverty incidence will be high, beyond any rational expectations.”
The party chieftain added that the emergence of Dr Abdulahi Ganduje as National Chairman of APC sent a disturbing signal that President Bola Tinubu was weakly committed to fighting corruption.
Lukman also described the ministerial nominees of Tinubu as a complete disappointment.
He added that the president had dashed the hope of Nigerians with the calibre of people he appointed as ministers.