In light of recent economic challenges, experts and stakeholders are calling on President Bola Ahmed Tinubu to make critical concessions aimed at easing the financial burden on Nigerians. A prominent recommendation is the temporary reinstatement of the electricity subsidy for a period of six months. This measure is seen as a necessary step to alleviate the rising cost of living and support households and businesses struggling with high energy costs.
Additionally, there are strong calls for the reversal of certain policies that mandate the deduction of Internally Generated Revenue (IGR) from government agencies. Critics argue that these deductions are hampering the operational efficiency and financial autonomy of these agencies, ultimately affecting their ability to deliver essential services.
The proposed reintroduction of the electricity subsidy and the policy reversal on IGR deductions are seen as pivotal moves that could provide immediate relief to the public and bolster economic stability during this challenging period. Advocates for these changes emphasize the importance of timely government intervention to foster a more resilient and thriving economy.
