The Youth Party Nigeria (YPM) has urged the federal government to review some of its monetary policies and take urgent measures towards reforming key sectors of the Nigerian economy.
The party said such measures would tackle rising inflation and alleviate the sufferings of Nigerians.
National chairman of the party, Mr. Tomiwa Aladekomo, stated this in a statement in reaction to the March 2021 Consumer Price Index/Inflation Report released by the National Bureau of Statistics (NBS).
Aladekomo alleged that all indices of social and economic development in the country, including security, were in the negative.
He stated that the mismanagement of the economy by the federal government has continued to drive inflation and unemployment, thereby inflicting pain and hardship on the citizens.
The NBS data had revealed that Nigeria’s inflation rate has continued to rise as the Consumer Price Index (CPI) which measures inflation increased to 18.17 percent (year-on-year) in March – the highest reported in four years