WRITTEN BY NURADDEEN DANJUMA
Let me begin by this popular saying that “one man’s food, another man’s poison”.
Dear President Tinubu,
I hope this letter finds you in good health and high spirits. I write to you today as a concerned Nigerian citizen, pleading with you to have mercy on our dear nation and reconsider the implementation of the International Monetary Fund (IMF) and World Bank’s structural adjustment policies.
Mr. President I understand that economic reforms and the reduction of the country’s dependence on external loans is apparent and I firmly believe that those World Bank and IMF trademark policies have far devastating consequences on the living conditions of the already struggling masses.
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I understand also that the implementation of such policies may have been suggested as a means to attract foreign investments and stabilize the economy, however, it is crucial to note that the burden of these policies falls disproportionately on the poor and vulnerable, exacerbating the already prevalent inequalities within our society since May 2023.
The removal of subsidy and floating of the Naira has had severe consequences on the Nigerian economy and left your fellow citizens vulnerable to economic challenges.
The sudden increase in the cost of fuel, LPG, and other essential commodities has placed an unbearable burden on the ordinary Nigerian.
Today about 99% of the ordinary Nigerians cannot afford three meals a day owing to a significant spike in the cost of living. Inflation rate stood at 29.90% in January 2024. Mr. President, this means a bag of local rice (50kg) is over N80,000 which is more than twice and half of National Minimum Wage of Nigeria as against N30,000 or little above before you came in. It also means a measure of millet or sorghum or maize is almost N2,000. That’s the case of a monthly wage earner. How then can the down trodden live?
Furthermore, the floating of the Naira has led to a significant depreciation of our currency, causing inflation to skyrocket. The purchasing power of Nigerians has plummeted, making it increasingly challenging for them to afford basic necessities.
Businesses are also feeling the pinch as imported goods have become more expensive, leading to reduced investments and job losses.
It is worthy to note that as the economic burdens increase, people’s frustrations and disillusionment grow, leading to a loss of faith in the government’s ability to address their concerns. Those harsh economic policies of your administration are gradually becoming significant pointers for potential upheaval in Nigeria.
While some argue that tough economic measures are necessary to stimulate growth and development, the implementation of such policies without considering the plight of the average Nigerian can lead to widespread discontent and social unrest.
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Mr. President, I implore you to deeply consider the impact of these policies on ordinary Nigerians. I recognize the need for economic stability and growth, but it cannot come at the expense of the welfare of our people. I ask that you explore alternative solutions that prioritize the well-being of Nigerians while still pursuing economic reforms. These include diversifying the economy, promoting job creation, investing in social infrastructure, and ensuring equitable wealth distribution.
So, I beseech you to listen to the cries of suffering Nigerians NOW and take immediate steps to alleviate their economic hardships NOW. Our great nation cannot thrive if its citizens are continually burdened by policies that hinder their progress and dignity.
Mr. President, I believe that you have the power to lead Nigeria towards a future where all citizens can prosper. I trust that you will consider our plea and make the necessary changes to bring relief to the Nigerian people. May you find wisdom, empathy, and compassion in making decisions that will positively impact the lives of Nigerians. Amin.
Yours Sincerely,
Nuraddeen Danjuma is a lecturer with department of Geography, Bayero University Kano.
nurdkat81@gmail.com