Analyst Shehu slams FG's revenue-focused policies, warns they worsen hardship
Public commentator Mahdi Shehu criticized Nigeria's government policies in a DAILY POST article published today, arguing they prioritize revenue generation over citizen welfare. He stated policies focused solely on raising revenue without considering citizens' burdens prevent societal progress, declaring 'anywhere policies are tilted towards getting more revenue without minding the consequences... there will be no progress.'
Shehu linked these policies to worsening economic hardship, warning that excessive citizen consumption, borrowing, and import dependence undermine economic stability. 'There is no way you can build a healthy society where people are aspiring to spend ostentatiously, spending more than they earn, pushing themselves into debt trap,' he said, adding import-reliant nations cannot grow and societies without savings/investment capacity remain mere spectators.
His critique comes amid reports of rising living costs, urging a policy shift toward production, savings, and investment. With Nigeria's import dependence and household debt levels under scrutiny, Shehu's remarks highlight the tension between fiscal targets and lived economic realities for ordinary Nigerians navigating daily expenses.