The National Rescue Movement on Thursday absolved President Bola Tinubu of blame for the escalating inflation and rising cost of living in the country.

Instead, the political party claimed some selfish traders and business owners should be held responsible for taking advantage of the current economic crisis to further punish the masses by inflating the cost of foodstuffs and other necessities.

The National Chairman of the NRM, Isaac Udeh, disclosed this in an exclusive interview with our correspondent on Thursday in Abuja.

Nigeria has been plagued with hyperinflation and hardship occasioned by the removal of fuel subsidies, the floating of the naira and other economic policies implemented by the Tinubu administration.