Timi Frank, a former Deputy National Publicity Secretary of the All Progressives Congress (APC), has expressed deep concern over the deteriorating socio-economic conditions experienced by Nigerians during President Bola Tinubu’s tenure.
In a statement released on Monday, Frank highlighted that Nigerians have endured severe economic hardships, neglect, and hunger over the past six months, surpassing any previous period in the nation’s history.
He emphasized the failure of Tinubu’s acclaimed investment initiatives, noting the absence of substantial progress despite the high expectations. Furthermore, Frank pointed out the departure of established investors like Proctor and Gamble, Shoprite, and Jumia Foods, among others, from the country in significant numbers.
Frank noted: “This is going to be the first Christmas to be celebrated by Nigerians under Tinubu’s administration but it’s going to be the worst and a nightmare for Nigerians because they cannot even afford foodstuffs and drinks to celebrate the Yuletide.
“Naira scarcity is biting harder. Nigerians now buy Naira before they can use Naira. They cannot afford a bag of rice under his government because the cost is way above the N30,000 minimum wage.
“Salaries are not being paid. Now the new minimum wage. Wage award not paid. No cash transfer to vulnerable Nigerians after taking a World Bank facility to that effect.”
Frank stressed that whatever they have saved has been eroded by inflationary pressures which now stand at over 28 percent and the high cost of petroleum products following the abrupt removal of fuel subsidy in May.
He alleged that critical sectors of the economy are headed by Tinubu’s men, claiming the country is not working because all sectors under his administration have been deliberately compromised and corrupted.
