EKITI State Governor, Mr. Ayodele Fayose has raised the alarm over the imminent collapse of the country’s economy, saying the President Muhammadu Buhari-led All Progressives Congress (APC) administration is yet to show any sign that it has any solution to the problem.
The governor, who called on Nigerians to prevail on President Buhari to stay at home and govern, said it was the height of insensitivity to the plight of Nigerians that the president, who just returned from trips to France and United Kingdom will, again, be travelling to Egypt, Saudi Arabia and Qatar from February 20 to 27, spending seven days out of Nigeria in what they called a “three-nation tour.”
Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, the governor said: “It is worrisome that President Buhari does not have any economic team and there is no policy direction yet, despite spending close to nine months in office.
“The implication of the president’s obvious lack of the required mental capacity to tackle the nation’s economic problems and the resultant effects are human right abuses, prices of goods and services skyrocketing, daily retrenchment of workers, folding up of businesses, states finding it difficult to pay workers salary and the Federal Government not being able to prepare a common budget.”
The governor described what Nigerians are experiencing as the sum total of President Buhari’s mental capacity, adding that; “With President Buhari, Nigeria is definitely having a square peg in its round hole.
“Dollar has gone double since former president Goodluck Jonathan left office, with US Dollar exchanging for N350 as at today. Foreign reserve is declining on daily basis, Boko Haram insurgents have come back even stronger than they were when Buhari assumed office and Nigerians are now being made to pay more for electricity that is not available for them to use.
“Most importantly, prices of foodstuffs, newsprint, medicine among others have gone over the roof. Should we still continue to attribute all these to Jonathan or the Peoples Democratic Party (PDP)?
“Even former governor of Central Bank of Nigeria (CBN) and Emir of Kano, Sanusi Lamido Sanusi is saying that President Buhari’s anti-corruption stance is inconsistent with the Forex regime he supported and that the Federal Government Forex Policy encourages corruption and rent-seeking.
“Funny enough, some people are already talking about President Buhari’s second term not minding the reality that anybody thinking about Buhari’s second term is only planning to snuff life out of Nigerians,” the governor said.
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