NLC President Slams Tinubu’s Economic Reforms as Catastrophic for the Masses

In a candid address during the 21st Daily Trust Dialogue, Nigeria Labour Congress (NLC) President Joe Ajaero expressed concern over the impact of President Bola Tinubu’s economic reforms, asserting that the masses are the ultimate losers.

Ajaero specifically pointed to the federal government’s decisions on petrol subsidy removal and currency floating, emphasizing that the measures have adversely affected the Nigerian populace. He highlighted the significant rise in petrol prices from N187 per litre to N700 per litre, attributing the shift to Tinubu’s policies.

The labour leader criticized the government’s handling of the oil and gas and power sectors, describing it as a “public disaster and private gain.” Ajaero questioned the rationale behind subsidizing private investors in the power sector, asserting that the privatization of companies in Nigeria has largely failed.

Expressing skepticism about the effectiveness of Tinubu’s economic policies, Ajaero urged a critical examination of their impact on essential aspects of citizens’ lives, such as access to food, housing, and healthcare. He accused the administration of adhering to neoliberal principles dictated by international entities like the World Bank and IMF.

Ajaero further alleged that the government’s policies lacked coherence and consistency, contributing to increased insecurity, kidnappings, and banditry across the nation. He emphasized the urgency of addressing the security crisis, asserting that economic debates should take a back seat to the immediate threats to citizens’ safety and well-being.

Concluding his address, Ajaero highlighted the closure of companies and the rising unemployment rate in the country, emphasizing the need for policies that prioritize job retention. The NLC President questioned the absence of a discernible economic blueprint and urged a reevaluation of decisions categorized as reformative without clear coherence and structure.