ABUJA, Nigeria (VOICE OF NAIJA) – Residents of Abuja, Nigeria’s Federal Capital Territory, have passed a vote of confidence on President Bola Ahmed Tinubu following his policies which they described as the needed steps for the country’s growth.
After the inauguration speech which heralded the end to fuel subsidy in Nigeria, the President incurred the wrath of Nigerians with the hardship that followed.
Fuel pump prices increased by more than 200% and the prices of items in the market tripled almost immediately afterwards.
Nigerians, thus, started feeling the effect of the new administration and her policy in the first few weeks of the government.
However, the President also took some decisive decisions which Nigerians believe are machinery needed to be put in place if the country wants to take back its lost glory as the giant of Africa.
These include the signing of electricity tariff hike, student loan and data protection acts, the retirement of service chiefs and the appointment of new ones, the appointment of national security adviser, the suspension of the EFCC chair, and the dissolution of governing boards of FG parastatals.
Others include managed float of the naira, removal of the CBN Governor, Inauguration of the economic council, Unification of the naira and Removal of fuel subsidy.
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Also on 6 June 2023, President Tinubu signed four Executive Orders into law to curb arbitrary taxation policy in the country.
These policies have received accolades from international bodies and individuals across the world they lauded the president for his vision for the Nigerian economic recovery.
In a recent survey carried out by our correspondent on the street of Abuja, the residents lamented the hardship they are facing following the policies however threw their weight behind the present Administration in taking necessary steps to rejig the largest economy in Africa.
Reacting, an economic analyst Deji Akinduro who welcomed the policies of the President, said the permanent solution to the situation of the country was to encourage investment in building refineries and regulating the oil sector.
āThe federal government must create an enabling environment for individuals, and cooperate organisations to invest in building refineries to make fuel available in abundance so that demand and supply would determine the price of fuel,ā Akinduro said.
He added that he believes in the present administration to turn the fortune of the country around beyond every reasonable doubt with the antecedent of the President.
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Speaking with voiceofnai ja.ng in Abuja, an Agriculturist, Frank Chukwuemeka, said the President should not only face the oil sector but must also put in place policies that will support food mechanization which will end food insecurity and in turn aid economic diversification.
Frank added that: āPresident Bola Ahmed Tinubu must re-engineer the economy to ensure that there are many suitable options that increase prosperity, growth, industrialisation and diversification, especially through ugh Agricultural sector.”
A unionist comrade, Abdullahi Yusuf, urged the government not to only implement policies but to boost the economy in a way the masses will not be affected.
āThere must be a plan in place to ensure that Nigerians can afford fuel while boosting the economy through infrastructure.
“The government must also improve social welfare programmes and create an enabling environment for business growth and sustainability,ā Abdullahi pleaded.