IYC Calls For Inclusive Economic Reforms As Tinubu Marks One Year In Office

As President Bola Tinubu celebrates his first anniversary in office, the Ijaw Youth Council (IYC) Worldwide has urged his administration to adopt more inclusive and balanced economic policies to address the challenges faced by Nigerians, particularly in the Niger Delta region.

In a statement issued by its spokesman, Comrade Bedford Berefa Benjamin, the council acknowledged the positive strides made by the administration in infrastructure development and economic reform but emphasised the need for more effective policies that benefit all Nigerians.

The council commended performing ministers like Senator David Umahi, Nyesom Wike, Bosun Tijani, and Tunji Ojo, but urged others, especially the Minister of Niger Delta Affairs, to make their scorecards public as part of a broader accountability initiative.

Benjamin said through transparency, inclusivity, and balanced economic policies, Nigeria can achieve sustainable growth and development for all its citizens.

He said: “Inflation, monetary policy, summersaults, and regulatory overbearing, have caused Nigerians more pain than gain. Several policies have had negative repercussions, particularly on the common people.

“Inflation has surged to a staggering 42%, eroding purchasing power and exacerbating poverty levels.

“The Central Bank’s decision to increase the benchmark interest rate to 26% has been aimed at curbing inflation, but it has also stifled economic growth by making credit more expensive for businesses and individuals.

“The administration’s attempt to control the free flow of the naira has also been problematic.

“Measures such as restricting access to foreign exchange and imposing stringent conditions on currency transactions have created bottlenecks in the economy.

“These policies have adversely impacted small and medium-sized enterprises (SMEs), which are the backbone of the middle-class economy like Nigeria, by limiting their ability to import necessary materials and services.”

He noted that the Council remains committed to advocating for the rights and development of the Niger Delta region and urges the Tinubu administration to engage more effectively with stakeholders to address the economic realities faced by Nigerians

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