The Labour Party (LP) has stated that President Bola Tinubu’s government has run out of ideas in the face of Nigeria’s protracted economic crisis.
Obiora Ifoh, the party’s National Publicity Secretary, issued a statement expressing great worry about the growing number of Nigerians living in poverty.
The LP highlighted the rising cost of living and a severe food shortage situation that affects millions, citing recent protests in Minna, Niger State, as a direct result of a significant increase in critical commodity prices.
The party offered a bleak image of the current situation, tying it to an increase in crime rates, particularly among young people, as well as an alarming spike in suicides.
The LP blamed the abrupt elimination of fuel subsidies and the foreign exchange crisis on the government’s failure to take necessary measures to alleviate the impact on Nigerians.
The party accused the administration of increasing expenditure on elected officials’ lavish lifestyles as corruption among government officials grew.
“There is an air of despondency across the nation. The immediate fallout of this situation is increasing crime, particularly among the youths who are desperate to remain alive; incidences of suicide are on the upswing.
“It has now become a familiar scene for people to jump into the Lagoon, hang themselves or take lethal substances.
“It is either that the government is bereft of ideas on how to check this unfolding catastrophe or that it chose to continue to act as if it is still campaigning for office. This is no time for politics.”
“The economic turmoil we are suffering today is a result of this poor sense of judgment.
“Sadly, amidst all of these, the All Progressives Congress administration has increased its spending on the lavish lifestyles of its elected officials, and corruption among government officials has never been worse,” the party stated.