In a televised interview on Channels Television’s Politics Today on Monday night, Falana stated that the government was merely executing a policy imposed by the Bretton Wood institutions, prioritizing their interests over those of the Nigerian people.
Falana stated that the Minister of Power is effectively carrying out the script of the IMF and World Bank, which have consistently pushed for the removal of all subsidies, including fuel and electricity, as a condition for their support.
He argued that it was a hallmark of neo-liberal policies that prioritize commercialization and profit over social welfare and the common good.
Falana noted that by pricing essential services like electricity beyond the reach of the average citizen, the government is effectively abandoning its responsibility to protect the interests of its people,
“The Honourable Minister of Power is acting the script of the IMF and the World Bank.
“Those two agencies insisted and they continue to insist that the government of Nigeria must remove all subsidies. Fuel subsidy, electricity subsidy and what have you; all social services must be commercialised and priced beyond the reach of the majority of Nigerians.
“So, the government cannot afford to protect the interest of Nigerians where you are implementing the neoliberal policies of the Bretton Wood institutions,” he said.