Bauchi State Governor, Bala Mohammed, has expressed dissatisfaction with the economic policies of President Bola Tinubu’s administration, stating they have led to increased hardship across the country.
Speaking during the launch of the Nigeria Development Update report by the World Bank in Abuja, Mohammed stressed that the policies are not delivering the expected outcomes.
“We should go back to the basics. Nigerians are not enjoying the regime at this time across board, not only the federal government, including the state and local governments. Therefore, the onus rests on you, the finance and the managers of the economy,” Mohammed said.
He also highlighted the inadequacy of state revenues to tackle local challenges, urging for more effective economic policies to alleviate the growing hardship.
“The money that we are sharing is not enough. “The purchasing power has dwindled, these policies are not working and you know that,” he added, pointing to the issues of employment and declining purchasing power.
At the event, Alex Sienaert, lead economist of the World Bank in Nigeria, emphasized the importance of creating productive jobs to support the nation’s macroeconomic stabilisation reforms.
Meanwhile, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, warned that opposing or reversing the reforms would jeopardize the country’s long-term stability.
