Politics
Nigerians Face Bleak Christmas With Naira Scarcity And Rising Inflation (Details)
A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has expressed concern over the deteriorating socio-economic conditions of Nigerians during President Bola Tinubu’s administration. Frank, in a statement on Monday, lamented that the past six months have seen Nigerians experiencing severe economic hardships, neglect, and hunger…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

He criticized Tinubu’s touted investment drive, noting that expected investments have not materialized, and some existing investors like Proctor and Gamble, Shoprite, and Jumia Foods are leaving the country. Frank predicted a challenging Christmas for Nigerians, highlighting the scarcity of Naira, rising inflation, and the high cost of essential goods.
Frank also accused Tinubu’s administration of non-payment of salaries, failure to implement the new minimum wage, and the absence of cash transfers to vulnerable citizens despite taking a World Bank facility for that purpose. He alleged corruption and compromise in critical sectors of the economy, asserting that the country is not functioning effectively under Tinubu’s leadership.
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