Analysts have warned President Bola Tinubu to move fast in addressing the deplorable conditions of Nigerians as cost of living becomes untamable.

Speaking exclusively with Sunday Independent, the analysts said Nigerians were going through a period of pessimism and loss of faith in government due to the excruciating hardship and pains they have been going through since the inception of the administration.

They maintained that the president and his team need to re-plan as their policies had not been working.

Chief Emeka Charles Kalu, an engineer and international businessman, one of those who spoke to Sunday Independent, stressed: “Presently, Nigeria is grossly undergoing terrible economic deadlock as a result of the fuel subsidy regime changes that among other things aggravated inflation rise in the country.”

Kalu, President of the Eck Foundation, added: “The Tinubu administration has not come clean to address and tell Nigerians the truth about the petrol subsidy removal whose negative impacts have crumbled the national economy.

“Since its inception, the Ahmed Bola Tinubu administration has been battling with a cocktail of trials and error in the form of economic policies, with no defined fundamental structure to revamp the system.

“To drive the nail in, the attitude of the government in the ongoing national minimum wage negotiations between it and the Organised Labour confirms the insincerity of the government in logically addressing the challenges plaguing the affairs of the nation.

“This actually made me to align with the intelligent submission of Atiku Abubakar, the 2023 Peoples Democratic Party (PDP) presidential candidate that the All Progressives Congress (APC) led Federal Government is not honest about fuel subsidy regime, asserting that available documents testified that the government still pays subsidy secretly.

“The government’s immediate economic policy upon inauguration met the people with utmost state of despair, lack and penury.

“The International Monetary Fund (IMF) , on its discretion, confirmed that Nigeria still pays petrol subsidies to the ignorance of the citizens.

“In this regard, we are made to know that the government was intentional in its act of insincerity in dealing with the economy as she continues to confidentially finance the downstream oil sector without clearly putting Nigerians in the know.

“We cannot boast of a balanced economic system when the government is clandestinely operating on the pedestal of deception and cluelessness.

“Verified intelligence reports affirmed that Nigeria has a current account balance of $1.34billion with IMF, which if the system is robustly galvanised and properly coordinated, we were supposed to have attained 60% savings of the current balance at hands.

“In all, I recommend that President Tinubu and his cabinet pause and have a rethink on how best to replan and boast the crumbling economy.

“The government is expected to focus on economic diversification through sustained investment links with the Foreign Direct Investment (FDI) so as to attract lofty heights in speedy infrastructural development efficiency.

“Not only these, but also planning to shift from the concept of arbitrary award of contracts, increase in electricity tariff and embrace industrial, youth and agricultural empowerment which are the bedrock of the fourth industrial revolution.

“Aviation sector reconsolidation, education system reforms and wider investment in artificial intelligence through smart and hybrid computing and electronic technology investment consciousness, when actualised will go a long way in advancing the nation’s economy and thoroughly free her from the shackles of under development, socio- political inefficiency and senseless diversion of public funds.”

Ambassador Kalu Ofon Emmanuel, lamented that Nigeria has been going through a vertical period of vicissitudes of predicaments, despondency and pessimism, leading to gross loss of faith in government of President Tinubu, which he said is the worst administration ever since the inception of a country.

Dr Emmanuel, the Lagos State Chapter President, lnternational Human Rights Protection Service Naples, Florida, USA, stressed: “I thought by now the common Nigerian would have comfortably and conveniently gone to the market to buy things, especially foodstuff at a very cheap rate to sustain the family; but reverse has remained the order of the day.

“The only solution to cushion the effects of suffering in the country is for President Tinubu to put himself in the shoes of the common Nigerians who cannot afford a one square meal a day.

“The government should invest heavily in agriculture and security of lives and properties. When the bandits are busy killing farmers and prohibiting them from going to farm for fear of being killed, raped, and molested, it becomes difficult to have farm produce.

“Let there be total stop to cattle rearers taking their cows to destroy farmer’s crops. These have contributed greatly to food shortages.

“Those that should fight corruption should be corruption-free. Crime fighters should be crime-free to stop money laundering.

“Nigeria is well blessed with all the amenities capable of sustaining all Nigerians, but mismanagement has grounded the economy.

“Let President Tinubu be willing to implement suggestions and advice from experts. He should surround himself with people with good creative thinking, ideas, and solution solving abilities to take Nigeria out of the suffocating valley of suffering of death.” (Sunday Independent)

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