Public commentator, Mahdi Shehu, has blamed what he described as anti-people government policies for the worsening economic hardship in Nigeria.
Shehu made the remarks in a post he shared on Tuesday, where he criticised what he called policies driven mainly by
revenue generation without considering their impact on citizens.
According to him, such policies cannot lead to meaningful
progress in any society.
“It’s all about bad government policies, unpopular
government policies, anti-people government policies, anti-progress government
policies,” he said.
He argued that when government policies focus more on
revenue rather than the welfare of citizens, the economy and society suffer.
“Anywhere policies are tilted towards getting more revenue
without minding the consequences and the burden of those taxes on the lives of
citizens, there will be no progress,” he added.
Shehu also faulted what he described as a growing culture of
excessive consumption and borrowing among citizens, saying it weakens economic
stability.
He said a society cannot develop when people spend beyond
their income and fall into debt.
“There is no way you can build a healthy society where
people are aspiring to spend ostentatiously, spending more than they earn,
pushing themselves into debt trap,” he said.
The commentator further noted that Nigeria’s heavy reliance
on imports is also affecting economic growth.
“Any country whose consumption is based on importation,
there is no way that country will grow,” he said.
He warned that a society with little or no savings and
investment capacity cannot achieve sustainable development.
“Where you cannot save, where you cannot invest, where you
consume everything, your name is a spectator,” he said.
Shehu called for a shift in economic thinking, urging
policies that encourage production, savings, and investment rather than
overdependence on consumption and imports.
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