Former Governor of Benue State, Gabriel Suswam, has faulted the economic policies introduced by President Bola Tinubu. Specifically, Suswam said Ti
Former Governor of Benue State, Gabriel Suswam, has faulted the economic policies introduced by President Bola Tinubu.
Specifically, Suswam said Tinubu’s policies could not change Nigeria’s economic fortunes.
Speaking while appearing as a guest on Channels Television’s Newsnight programme earlier in the week, said the fuel subsidy removal had further worsened the economic situation of Nigeria.
He said,“I give you some examples, you remove 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, cost of production, because you’re dealing with energy, now that has been removed.
“So, the person who sells foodstuff before 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!
“All the economic policies introduced by the incumbent administration have clearly indicated that the government cannot solve the country’s economic problems of this country.”
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