Amid the escalating cost of living in Nigeria, former senator Shehu Sani has criticized President Bola Tinubu’s foreign trip, linking it to the worsening economic conditions since the removal of fuel subsidies and the floating of the Naira.
Taking to his verified Twitter account, Sani taunted the President’s absence with a sarcastic remark: “New law of economics; When the President travels out, taxes and prices go up.”
Sani’s comment comes at a time when Nigerians are grappling with soaring prices of goods and services, driven by the removal of fuel subsidies and the liberalization of the Naira. Since these economic reforms were introduced, inflation has risen sharply, leading to widespread public discontent. The former senator’s tweet reflects the frustration felt by many citizens, who have seen their purchasing power dwindle in the face of these harsh economic realities.
The floating of the Naira has led to significant devaluation, causing the prices of imported goods to spike. Coupled with the removal of subsidies on petrol, transportation costs have skyrocketed, which in turn has affected the prices of basic commodities, further burdening already struggling households.
Shehu Sani, known for his sharp criticism of government policies, has consistently spoken out against the current administration’s handling of the economy. His latest tweet underscores the growing concern that while the President engages in diplomatic activities abroad, many Nigerians are left to bear the brunt of the government’s controversial economic policies.