A former Governor of Benue State, Gabriel Suswam, has said that Bola Tinubu-led Federal Government lacks the requirements to change Nigeria’s economic problems.
Suswam, also the lawmaker who represented Benue North-East Senatorial District in the 9th National Assembly, stated this when he appeared as a guest on Channels Television’s Newsnight programme earlier in the week.
According to Suswam,former Governor of Benue State, all the economic policies introduced by the incumbent administration have clearly indicated that the government cannot solve the country’s economic problems.
In his words, ” The state of the nation, economically, is nothing to talk about, it’s unfortunate that the current (Tinubu) leadership does not have what it takes to change the economic fortunes of this country.
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“All the economic policies that they’ve engaged in or they have taken clearly indicate that they can’t solve the economic problems of this country.”
” You removed subsidy from day one, you now float your currency, and increase the interest rate. Now the tariff for electricity has been increased.
“How does an average man survive under those kinds of heavy, bad economic policies? First, subsidy itself is a problem, it affects the cost of transportation, and cost of production because you’re dealing with energy, which has now been removed.
“So, the person who is selling foodstuff who now was transporting maybe from inside Abuja at the cost of N5,000 now has to transport that at the cost of N15,000. Where do you think the cost will end? To the consumer. So, inflation in this country is at 31 per cent. It is unheard of!
“Now, look at the floating of the currency. No developing economy has floated their currency that has gotten out of it, none.
Suswam however, alleged that most of Tinubu’s cabinet members lack the capacity to hold offices, adding that their inefficiency is why there are a lot of excuses.
