Subsidy removal: Tinubu govt creating vicious cycle of poverty – Atiku

The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s government of creating a vicious cycle of poverty among Nigerians.

Atiku made this known in a statement signed by his spokesman, Phrank Shaibu, in which he said the Tinubu government’s effort to justify the removal of fuel subsidy by allocating more money to state governments raises a bigger concern about the state of public education across Nigeria.

The former vice president said the crisis highlights the main problem with the administration’s student loan policy.

He said, “This government took away subsidies, made transportation, food, and almost every other basic need more expensive, and let the cost of going to university go up so much that many families can’t afford it anymore.

“After making education more costly, the same government set up NELFUND and now proudly gives young Nigerians loans to cover school fees that many of their parents can no longer easily pay.

“What kind of reform first empties a family’s pocket and then offers the child a loan to survive the hardship government helped create?

“That is not progress. It is a vicious circle of government-manufactured poverty.”