The National Chairman of the Social Democratic Party (SDP), Shehu Gabam, has accused the immediate past government of Muhammadu Buhari of bequeathing a comatose economy to Bola Tinubu and faulted Tinubu for using harsh ways to revive the economy.
Gabam made claims that Tinubu inherited a terrible economy from Buhari of the All Progressives Congress (APC), who handed over to his party man, Tinubu, about a year ago.
He said this on Friday’s edition of Channels Television’s Politics Today.
“I have said several times that Buhari’s government is the worst that Nigeria has ever had. It is the consequence that Bola Tinubu is suffering from because he knew he inherited an economy that has collapsed.”
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“He knew that he inherited an economy that had collapsed. His responsibility is to find the softer ways to revive the economy, not the harsh way because you cannot revive it in a day. When someone faints, it requires a lot of process to bring him back to life,” Gabam said, but maintained that “he inherited an economy that is in the ICU.”
Despite the reforms, inflation has reached historic highs.
Gabam has accused the handlers of the economy of not doing the right things. But to make things better, he has some advice for Tinubu-led administration.
Gabam asked the Tinubu administration to go back to the basics and use the template already in place to revive the economy.
“There are records in the Ministry of Finance; there are records of successful management of the economy, both regimes, both military and civilian regimes,” he said.
The SDP chairman said, “what you need is strategic thinkers, strategic applications, and strategic implementation. It has nothing to do with rush hour.”
“There is a base, there is a template for him to follow. And then given the dynamics of the new generation that we belong to, the modern economy that we run, all they need to do is to remodernise, reinject a lot of initiative, a lot of innovation to drive the economy.”
