Falana, speaking on Channels Television's Politics Today, argued that the President's policies, particularly the removal of fuel subsidies and currency liberalization, have worsened the cost-of-living crisis for Nigerians.
He emphasized that the government's drive towards privatization contradicts efforts to reduce income inequality. "You cannot address income inequality while handing over national resources to a few individuals," Falana stated.
Falana urged the government to reconsider policies influenced by international financial institutions and to provide urgent legal backing for social welfare programs to alleviate the current hardship.
He referenced the National Social Investment Programme, which includes schemes such as N-Power and conditional cash transfers to vulnerable households. "President Tinubu should persuade governors to codify social investment programs and enact them into law," Falana said.
The lawyer's criticism comes amid growing concerns about the impact of the administration's economic reforms on ordinary Nigerians.