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Recession: FG languid in tackling economic issues – Sen Adeola

By Henry Umoru

ABUJA—SENATOR Solomon Adeola, All Progressive Congress, APC, Lagos West, has taken a swipe at the Federal Government, accusing those charged with the responsibility of providing a solid economic base for the country of displaying lackadaisical attitude.

The Senator particularly accused the Minister of Finance, Mrs. Kemi Adeosun;   Minister   of Budget and Planning, Senator Udoma Udo Udoma, Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, the Director General, Budget office, Ben Akabueze, as well as the entire economic team of President Muhammadu Buhari of failing the people of Nigeria.

Adeola who is the Vice Chairman, Senate Committee on Communications, urged President Buhari to urgently come up with palliatives, against the backdrop that Nigerians were hungry, suffering and dying daily because of the present economic mess, adding that the country was at the moment witnessing collapsed industries and other corporate bodies, thereby   leading to serious job losses and a growing sense of despair among Nigerians.

In a statement signed yesterday by his Media Adviser, Kayode Odunaro, Senator Adeola said:  “I must say that one is yet to see any urgency in providing palliatives for the poor and collapsing industries and other corporate bodies leading to serious job losses and a growing sense of despair among Nigerians.”

‘’Experience in the past shows that one of the most reliable ways to tackle recession is to spend money on productive sector as well as welfarist spending to put money in the pockets of the poor.

As we confront the unpalatable recession, one is worried to see unelected ministers of government go about in convoys of SUVs with a horde of assistants and security aides as if the recession is just a word that has no effect on their lives and ways of doing things, while we, elected representatives, are daily confronted by helpless constituents who look up to us for solutions to their economic challenges.

“This period calls for austere lifestyles and cutting of recurrent expenditure of government at all levels to free funds for interventionist palliatives for the people and organizations that provide jobs for the people as well as diversification of the revenue base of the government.


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