Nigerians struggling with harsh realities of inflation – Akpabio

The President of the Senate, Godswill Akpabio, acknowledged on Tuesday that Nigerian citizens are struggling to survive as a result of the courageous economic reforms of President Bola Tinubu.

Akpabio who stated this in a welcome address to fellow Senators from annual long recess, specifically said he and his colleagues at the National Assembly were aware that Nigerians are grappling with harsh realities of inflation, high cost of living, unpredictable markets and economic sabotage.

He thereafter sympathised with Nigerians for the harsh economic situation but claimed that the situation was not caused by the administration of President Tinubu.

“In the face of rising economic pressures, our fellow citizens have been grappling with the harsh realities of inflation, soaring living costs, unpredictable markets and economic indices.

“The challenges have tested the very fabric of our society, and we stand together to express our deepest empathy for every Nigerian who may be buried in the brunt of the current reforms as a result of the need to reposition the economy for most of our country and take us out of the doldrums and the messy situation we met when we assumed office in 2023. We want Nigerians to know that their struggles are not lost on this side.”

He assured that the upper chamber would respond to the economic challenges of the country.

“Our security duty, as your earnest representatives, remains to respond with the audacity and compassion that the current situation deserves.”

He however, commended President Bola Tinubu for the courageous reforms being carried out on the Nation’s economy which according to him, have started yielding fruits.

“Amidst these trials, we have also seen commendable strides in various sectors from the executive arm of government led by President Bola Tinubu. Our agricultural initiatives are beginning to bear fruits. The strides made in infrastructure can be seen by all, even starting from the federal capital territory.

“These glimmers of hope pave the way for a brighter future. The hard-won gains will not overshadow the pressing issues that still loom large before us”, he said.

On insecurity, the Senate President said he and his colleagues will prioritise the security of people’s lives and properties.

“We must, as senators, prioritize the issues of security of our great nation, ensuring that every citizen can walk down any street in this country without fear.

“In the sense of such, insecurity in some parts of the country remains a source of concern for the Nigerian Senate. It is also a clear calling for us to double our efforts in crafting laws and taking decisive actions in the National Assembly to safeguard our communities. There cannot be development in the face of insecurity,” he said.