Rhodes-Vivour Claims Tinubu’s Friends, Officials Are Sole Beneficiaries of FG Reforms

Labour Party’s Gbadebo Rhodes-Vivour criticizes the Federal Government’s reforms, alleging they primarily benefit President Tinubu’s associates and government officials.

Gbadebo Rhodes-Vivour has criticized the Federal Government’s reforms, stating that they primarily benefit a select group of individuals.

Since its inauguration in May 2023, President Bola Tinubu’s administration has implemented a series of reforms, such as eliminating the fuel subsidy and allowing Nigeria’s currency, the naira, to float.

However, Rhodes-Vivour, the Lagos Labour Party (LP) governorship candidate in the 2023 election, stated that most Nigerians are suffering as a result of these actions.

“The LP leader stated on Thursday’s edition of Channels Television’s Politics Today that people are facing unparalleled difficulties. Currently, more than 70 percent of their income is allocated to transportation and food expenses, leaving them yet unable to consider how they can afford housing.”

We are facing a scenario characterized by a culture of wastefulness and extravagance, which contradicts the urgent economic reform message being promoted by the President.

It appears that the only ones potentially gaining from these reforms are the bankers, government officials, and associates of the President. How many Nigerians can truly claim they are benefiting from any reform at this moment?

According to Rhodes-Vivour of the LP, only government officials and Tinubu’s allies are benefiting from the federal government’s reforms. #CTVTweets #PoliticsToday pic.twitter.com/mYbAQcl6Bd

Since the fuel subsidy was removed, the price of the commodity has increased from approximately N185 to at least N1,000 nationwide.

Due to the floating of the naira, inflation soared to new heights, eroding the currency’s value and making essential commodities unaffordable for millions of Nigerians.

Despite protests over the rising cost of living, including strikes by labor unions that subsequently negotiated a new minimum wage, President Tinubu remains firm on maintaining the reforms initiated by his administration.

“We are currently navigating a particularly challenging phase of our reforms. Despite facing headwinds, we remain committed to moving forward,” Tinubu stated at the State House in Abuja during February 2024, while welcoming a delegation from the Corporate Council on Africa (CCA) led by CCA President and CEO Florizelle Liser.

The president has repeatedly urged Nigerians to be patient, expressing confidence that his government’s reforms will yield results in the near future.