- He asserted that the economic gains of the Obasanjo government have now been reversed by the Bola Tinubu administration
Former Minister of Transportation, Rotimi Amaechi, says there is no more middle class in Nigeria as the economic hardship in the country worsens.
Rotimi said Nigeria’s economy thrive tremendously under ex-President Olusegun Obasanjo which led to the creation of a middle class in Nigeria.
Amaechi explained that Obasanjo created an economy that generated jobs, which brought about the middle class.
He asserted that the economic gains of the Obasanjo government have now been reversed by the Bola Tinubu administration.
He spoke during a two-day event, themed “Strengthening Nigeria’s Democracy: Pathway to Good Governance and Political Integrity,” organized by the African Centre for Leadership, Strategy and Development (Centre LSD), the Centre for Democracy and Development (CDD), the Westminster Foundation for Democracy (WFD), the Peering Advocacy and Advancement Centre in Africa (PAACA), and the National Peace Committee (NPC) in Abuja.
Speaking as a panellist during a session on the “Impact of democracy on the national economy,” the former minister decried the current growing gap between the rich and poor in Nigeria.
He stated that the absence of a functional middle class is a disturbing development.
“The last time we had the middle class was under President Olusegun Obasanjo. He created an economy that generated jobs. Even though some argued it was a shaky middle class that disappeared at the end of every month when salaries were paid, at least we had a middle class.
“Now, it’s either you are rich or you are poor. If social housing and investments in agriculture had been implemented alongside subsidy removal, people would not feel the impact as harshly as they do now.”
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