By Ella Michaels
The Catholic Bishops' Conference of Nigeria (CBCN) has expressed deep concern over the severe economic hardship faced by Nigerians, attributing it to a combination of high electricity tariffs, high cost of petroleum products, transportation, and inadequate infrastructure. In a statement issued after the CBCN's Second Plenary Meeting, the conference highlighted the increasing burden on both individuals and businesses due to these economic strains.
The bishops noted that the current economic environment is further exacerbated by food insecurity and malnutrition, which have become more prevalent due to the rising cost of basic food items. They attributed the crisis to persistent insecurity caused by terrorists, bandits, and other criminal elements disrupting agricultural activities and livelihoods across the nation.
The communiqué also addressed the impact of multiple taxation on businesses, pointing out that businesses are struggling under the weight of various taxes imposed by federal, state, and local government agencies. This situation is aggravated by frequent hikes in bank interest rates and ongoing issues with power supply, inflation, and the devaluation of the Naira.
The CBCN called on President Bola Tinubu's government for a more streamlined and fair approach to taxation that supports rather than stifles economic activity. They appealed to governments at all levels to take urgent measures to harmonize taxes and address multiple taxation to stem the tide of businesses collapsing in Nigeria, leading to increased unemployment.
Regarding hardship and food insecurity, the bishops recognized the efforts of governments to address this problem but demanded more effective policies and initiatives to address the multifaceted factors adversely affecting food security. They urged governments to support farmers with subsidies, soft loans, modern technology, and improved seedlings, and to ensure the security of farmers and their crops across the country.
The bishops emphasized the need for repentance and concerted efforts to address the nation's challenges, acknowledging that the situation is largely self-inflicted through corruption in all its forms. They called for national re-orientation away from lies and dishonesty towards truth and integrity.
