Monday, 29 April 2024 04:44

Tinubu and his team have no capacity to solve Nigeria’s economic problems - Suswan

Rate this item
(0 votes)

Gabriel Suswam, former Governor of Benue State and current lawmaker representing Benue North-East Senatorial District, has expressed skepticism about the ability of the President Bola Tinubu-led Federal Government to transform Nigeria's economic landscape. Speaking on Channels Television's Newsnight program, Suswam criticized the government's economic policies, asserting that they have failed to address the country's economic challenges.

According to Suswam, the economic policies implemented by the current administration have not yielded positive results and have instead exacerbated existing problems. He cited the removal of fuel subsidy, currency floatation, and increases in interest rates and electricity tariffs as examples of policies that have negatively impacted Nigerians.

Suswam highlighted the consequences of these policies, including inflation rates reaching 31 percent and the burden placed on the average citizen due to increased transportation and production costs. He questioned the feasibility of the government's budget, noting a deficit of nearly N9 trillion and financing items that are unlikely to be realized.

Furthermore, Suswam criticized the capacity of many cabinet members appointed by Tinubu, suggesting that their lack of competence has led to inefficiency and a reliance on excuses. He emphasized the importance of selecting qualified individuals for key positions and expressed concern over the government's reliance on borrowing and printing money to finance its budget.

In conclusion, Suswam raised concerns about the sustainability of the government's economic policies and their impact on the average Nigerian's livelihood. He called for a reassessment of the government's approach to economic management to ensure the well-being of the country's citizens.

April 26, 2025

Nigerian Stock Market dips after three-day rally

The Nigerian stock market ended its three-day bullish streak on Friday with a 0.3% decline…
April 21, 2025

Tunde Bakare to Tinubu: ‘Stop playing God, embrace humility’

In a fiery Easter Sunday state-of-the-nation address delivered in Lagos, Tunde Bakare, the serving overseer…
April 23, 2025

Don’t wait for the ‘perfect’ time to make big life decisions, says Phoenix mayor

Kate Gallego Kate Gallego knew she wanted to run for mayor of Phoenix, but the…
April 26, 2025

Declassified CIA file about UFO aliens attacking soldiers released

A declassified document posted to the CIA’s website is raising eyebrows with claims of an…
April 27, 2025

Church spends hundreds of millions on ransom as kidnappings, killings worsen nationwide

The Evangelical Church Winning All (ECWA) has revealed that it has paid hundreds of millions…
April 27, 2025

What to know after Day 1158 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kursk Region fully liberated from Ukrainians – Putin The Russian military has completely…
April 27, 2025

Smartphone use could reduce dementia risk in older adults, study finds

The first generation that has been exposed consistently to digital technology has reached the age…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.