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OPINION: Nightmare of Tinubu’s Rule: Nigerians Crushed by Burdens of Inflation and Economic Oppression

In recent times, Nigeria has been subjected to a ruler whose legitimacy is shrouded in controversy and whose actions have caused immense pain and suffering to the Nigerian people.

Bola Ahmed Tinubu, who was fraudulently declared the winner of the Nigerian presidential election by the Independent National Electoral Commission (INEC), has proven himself to be a leader devoid of empathy and accountability.

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Under his rule, Nigerians have experienced a rapid deterioration of their living conditions, as the cost of basic necessities skyrockets and the burden of economic oppression becomes unbearable.

One of the most alarming aspects of Tinubu’s reign is the astronomical increase in fuel prices, which have surged by almost 400%. This sharp rise has had a domino effect on the cost of transportation, food, and other essential commodities.

As a result, the average Nigerian is grappling with a higher cost of living, with many struggling to put food on their tables and provide for their families.

In addition to the exorbitant fuel prices, Tinubu has imposed a mandatory annual payment of N1,000 for proof of car ownership. This financial burden placed on car owners only exacerbates the financial strain on ordinary Nigerians, who are already struggling with limited income and rising costs. Such policies demonstrate a complete lack of understanding of the economic realities faced by the majority of Nigerians.

Meanwhile, Tinubu has relentlessly increased electricity tariffs, making it even more challenging for Nigerians to access a basic necessity that is crucial for their daily lives. As households struggle to cope with inflated bills, the quality of life deteriorates, and the hopes for a brighter future fade away.

Education, which is a fundamental right, has not been spared from Tinubu’s detrimental policies. The skyrocketing school fees in public schools have placed education out of reach for many Nigerian children. This regressive move widens the gap between the privileged few and the masses, perpetuating a cycle of inequality and denying countless young minds the opportunity to fulfill their potential.

Adding insult to injury, Tinubu has overseen a significant increase in the dollar exchange rate, further eroding the purchasing power of Nigerians. The rising cost of imported goods has driven up prices, making it even more challenging for individuals and businesses to thrive. This policy has only served to deepen the economic woes faced by ordinary Nigerians.

Perhaps the most concerning aspect of Tinubu’s rule is his excessive borrowing, which has reached a staggering $1.25 billion. While borrowing can be a tool for economic growth, the lack of transparency and accountability surrounding these loans raises serious concerns about their utilization and repayment. The burden of these debts will likely fall on the shoulders of the Nigerian people, stifling economic progress and inhibiting the country’s development.

It is evident that Nigerians are currently enduring a period of immense suffering, with Tinubu’s illegitimate rule exacerbating their hardships. The pain and agony inflicted upon the citizens through skyrocketing prices, burdensome tariffs, and excessive borrowing are a direct consequence of a leadership bankrupt of legitimacy.

At present, Nigerians are expressing their strong desire for accountability, transparency, and a leader who genuinely focuses on the well-being of the population. The future of Nigeria hinges on breaking free from the recurring economic challenges and charting a course toward sustainable development and advancement.

Peter Obi, the Presidential Candidate of the Labour Party, embodies the mentality of serving humanity and is currently pursuing legal action to reclaim his rightful mandate from the interim occupant of Aso Rock.