Post by Henry Emeka (@Emekus)

Naira devaluation + subsidy removal = instant hardship.

Fuel subsidy removal and naira float massively increased prices of transport, food, and basic goods

Even if economists argue it’s necessary the immediate effect is more poverty and suffering for ordinary Nigerians

Debt servicing eats revenue.

Before Tinubu, up to 97% of federal revenue was going to service debt leaving almost nothing for health, education, or power.

0 likes · 0 comments · 0 shares