Gbadebo Rhodes-Vivour, the Labour Party’s gubernatorial candidate in the 2023 general election, criticized the economic reforms of the current administration, stating that they only seem to benefit a privileged few individuals.
Since assuming office in May 2023, President Bola Tinubu’s administration has implemented reforms such as the elimination of fuel subsidies and the floatation of the country’s currency, the naira, which the President has pledged to maintain despite challenges.
Rhodes-Vivour questions why the majority of Nigerians are experiencing hardships while a minority are thriving under these reforms.
“The people are experiencing unprecedented hardship. Today, over 70 per cent of people’s income is spent on transportation and food,” he said during an interview on Channels Television on Thursday.
“They’ve not even started to think about how they can afford accommodation.
“We have a situation where there is a culture of wastefulness, and extravagance that does not reflect the dire economic situation that the same President is pushing out that needs to be reformed.
“The only people that seem to be benefitting from these reforms are maybe the bankers, the people in government, and the President’s friends.
“How many Nigerians can say they are benefitting from any reform right now?” He queried.
