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.

June 17, 2025

Dangote Refinery’s nationwide fuel distribution plan sparks monopoly alarm among oil marketers

A storm is brewing in Nigeria’s downstream oil sector as key industry associations raise alarm…
June 14, 2025

Tinubu's pardon of 'Ogoni Nine' rejected by Ogoni people

Ogoni activists on Friday rejected a posthumous pardon for nine members executed three decades ago…
June 16, 2025

Harvard happiness expert: Do this easy exercise right now to stay socially connected

Renee Onque An 87-year-long Harvard study found that social fitness — maintaining your personal relationships…
June 14, 2025

Traditional healer treats the sick with snake bites

Rosalio Culit, also known as Datu Kamandag among his fellow Manobo tribe members in Surigao…
June 15, 2025

Over 100 feared dead as gunmen attack Benue communities in night of horror

At least 100 people have been killed in a brutal overnight attack on Yelewata, a…
June 17, 2025

Israel Vs Iran: Here’s what to know after Day 4

Israel activates 'Barak Magen' aerial defenses for system's first ever interception Israel activated a new…
June 13, 2025

Your favorite alcoholic beverage linked to deadly form of cancer, study finds

Nicole Saphier joins 'America's Newsroom' to discuss the surgeon general pushing for cancer warning labels…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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.