Gidan Yanci Raises Concerns About Growing Economic Challenges in Nigeria

By Mustapha Salisu

The Gidan Yanci Fellowship, a leading social advocacy group, has sounded the alarm on the escalating economic hardship faced by ordinary Nigerians. The fellowship attributes this to recent policy decisions and the unaffordability of the proposed N60,000 minimum wage.

In a press conference yesterday, the fellowship highlighted the widening income gap between the wealthy and struggling Nigerians, exacerbated by high-ranking government officials’ substantial salaries and allowances. The cost of living continues to rise, making essential commodities like food, housing, and healthcare unaffordable for many.

To address this, the fellowship proposed a series of measures, including reducing executive allowances, enhancing tax collection, eliminating wasteful spending, fostering public-private partnerships, attracting foreign investment, phasing out inefficient subsidies, and implementing transparency and accountability in government spending.

According to the fellowship, implementing these measures can help break the cycle of poverty and crime, reduce vulnerability to criminal activities, improve opportunities, and foster community stability.

The Gidan Yanci Fellowship has urged the Tinubu administration to take immediate action to address the pressing economic challenges faced by Nigerians. By doing so, the government can create a more equitable economic environment and alleviate the suffering of its people.

This call to action comes as Nigeria grapples with rising inflation, unemployment, and poverty rates. The government’s response to the economic crisis has been criticized by many, who say it has failed to address the root causes of the problem.
the crisis.