L
LequteMan
Guest
Former Governor of Lagos State Governor, Alhaji Bola Tinubu, in an essay on ``Slump in Oil Prices: A Progressive Way Out’’, has argued that the austerity measures proposed by the government would further enrich the affluent.
He said that the austerity measures would put average Nigerians into more hardship and economic depression.
Tinubu said that the austerity measures embarked by some countries in the Euro zone had not solved their economic problems in the past five years since the global financial crises.
``All that austerity has done is to tighten the grip of the wealthy on the economy, while weakening the position of the middle class and the poor”.
The Federal government of Nigeria had announced austerity measures in order to curb the effect of dwindling oil prices on the economy.
#Nigeria #Tinubu
He said that the austerity measures would put average Nigerians into more hardship and economic depression.
Tinubu said that the austerity measures embarked by some countries in the Euro zone had not solved their economic problems in the past five years since the global financial crises.
``All that austerity has done is to tighten the grip of the wealthy on the economy, while weakening the position of the middle class and the poor”.
The Federal government of Nigeria had announced austerity measures in order to curb the effect of dwindling oil prices on the economy.
#Nigeria #Tinubu
