BREAKING: Economists beg FG, govs: Roll out palliatives without delay

The federal and state governments have been enjoined to ensure they expedite action on the distribution of palliatives to cushion the current hardship in the country as a result of subsidy removal.

The increase in petrol pump price has worsened the hardship faced by Nigerians amid reported cases of businesses shutting down….CONTINUE READING

Speaking in an interview with Saturday PUNCH, an economic expert, Dr Akin Akinleye, urged the two levels of government to prioritise the welfare of Nigerians.

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He said, “The idea of giving palliatives to people with the current situation is good but the issue sometimes is that they come out with a policy, but they don’t follow it up. It ends on the table.

“The federal and state governments should wake up to ensure that they pursue a policy to its fulfilment. They should wake up to their responsibility and prioritise resolving their internal crisis before facing the external crisis.

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“They should speed up the process so that people can feel the impact of the palliatives.”

On his part, another economic expert, Prof Ayo Dunmoye, said though the government might have taken its time to perfect the implementation process, there was a need for an explanation to Nigerians.

According to him, if the policy is well thought out, things will improve within the economy.

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He said, “Although the delay is regrettable, maybe they want to ensure that the process is perfect. But they should try to explain to the people why there is a delay and how far they have gone rather than keeping quiet….CONTINUE READING

Punch