President Bola Tinubu has called on Nigerians not to take advantage of the country’s current economic crisis for excessive profits.
According to the National Bureau of Statistics, Nigeria’s inflation rate is at 28.2%, the highest since August 2005.
In an interview with The Nation on Sunday, Tinubu acknowledged the severe impact of some of his economic policies, emphasizing the global challenge of rising living costs. He stated,
“As your president, I am deeply aware of the economic crisis’s severe impact on Nigerians, and we are part of a global challenge with the rising costs of living. To help our people, my administration is taking proactive steps.
“Moreover, we urge all Nigerians to be mindful of the current economic situation and avoid exploiting it for abnormal profits.”
Regarding the Federal Government’s conditional cash transfers to 15 million households, Tinubu expressed confidence in the efficacy of these initiatives.
“I am steadfast in my belief in the efficacy of our cash transfer initiatives. These initiatives are a crucial part of our strategy to target and provide relief to the most vulnerable segments of our population, especially during the last three months of the year when the prices of basic items typically rise,” he said.
| Punch Newspaper
