Stay Actions On Asphyxiating Policies Pending Improvement on Living Conditions Of Nigerians

Member Representing Bende North state constituency-calls for improvement in the living conditions of Abia people nay Nigerians.
He said this while seconding a motion on a MATTER OF URGENT PUBLIC IMPORTANCE ON THE PROPOSED ELECTRICITY PRICE INCREASE ON 1ST JULY, 2023.* He called on the federal government to stay action or modify its policies that are directly making life difficult for Nigerians, Abia people in particular.

Speaking during the second seating of the 8th assembly, Hon. Ibekwe was of the opinion that increase in interest rates, increase in import duty via official increase in exchange rate, removal of fuel subsidy and floating of the naira were all the recent fiscal policies that make life more difficult for Abians and Nigerians at large.

Hon. Ibekwe bemoans the fact that these harsh fiscal policies were rolled out when Nigeria was just declared poverty headquarters of the world due to the rate of poverty among Nigerians.

Hon. Ibekwe requested that the federal government should be advised to stay action on these policies that cause excruciating economic conditions, but rather, ones that improve significantly the living conditions of Nigerians should be implemented.