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Imasuen, voiced his concerns while making an appearance on Inside Sources with Laolu Akande, aired on Channels Television on October 20, 2024.
He argued that these policies are placing a heavy burden on Nigerians, particularly the middle class as they were implemented at a very wrong time.
“This is not the time to trade blame; it’s time to sit down and say, look, our people are suffering, how do we sort out the situation we have found ourselves in?
“The steps that are being taken, I’m afraid that the suffering that Nigerians are going through right now is too much a price to pay for it.
“Now, this is a country that we don’t produce, we import, and we are devaluing our naira. I don’t see how that is going to help us. Everything is tied to the dollar, and the dollar keeps going up.
“Let’s develop our industries. These SMEs work a lot if we can strengthen small and medium enterprises and give the middle-class breathing space to do what he has to do.
“On this question of subsidy, there is no country that does not subsidise, especially in the area of agriculture. Our farmers need access to funding and they need government intervention to produce the food that we need. Today, many cannot buy a bag of rice; it’s about N100,000.”
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