Subsidy Removal and Naira Floating: Ex-PDP Spokesman Ologbondiyan’s Warning

Ologbondiyan Explains How Subsidy Removal and Naira Floating Impact Nigeria’s Economy

Former PDP spokesperson Kola Ologbondiyan has criticized the Nigerian government’s economic policies, particularly the removal of fuel subsidies and the floating of the Naira.

He claimed these measures have significantly worsened the country’s economic challenges, leading to increased hardship for Nigerians.

Ologbondiyan argued that the policies have caused inflation to soar, devalued the Naira, and left citizens grappling with skyrocketing costs of goods and services.

He also criticized the lack of palliative measures to cushion the impact on the populace, stating that the current administration’s handling of these policies has further deepened the country’s economic woes.

This statement reflects growing concerns among opposition figures and citizens about the effectiveness of these economic reforms, which were implemented with the promise of long-term benefits but have faced widespread criticism for their immediate adverse effects.