Former Benue State Governor and Senator Gabriel Suswam has criticized President Bola Tinubu’s administration, stating that it lacks the ability to improve the nation’s economy.
In an interview with Channels Television, Suswam argued that Tinubu’s government is “taking Nigerians down.” He pointed to the removal of fuel subsidies, currency devaluation, interest rate hikes, and increased electricity tariffs as examples of harmful economic policies.
“How does an average man survive under those kinds of heavy bad economic policies?” Suswam questioned, adding that inflation has reached an unprecedented 31%. He claimed that developing economies that have floated their currencies have not escaped economic challenges.
Suswam dismissed the argument that PDP’s previous governance led to the APC’s success, stating that the economic indicators at the end of Goodluck Jonathan’s presidency were significantly better than the current situation. He attributed the current economic crisis to a lack of capacity among government officials.
“The budget is basically not implementable ab initio,” Suswam said, criticizing the large deficit and reliance on borrowing. He warned that excessive money printing would further devalue the currency and harm manufacturers and consumers.
Suswam expressed concern about the erosion of the middle class under the PDP’s 16-year rule. He asserted that the PDP has the experience and resources to restore prosperity to the nation. CONTINUE READING
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