Monday, 19 June 2017

Olu Falae accuses President Buhari of achieving nothing since assuming office in May 2015

<img src=" Olu-Falae-accuses-President-Buhari-of-achieving-nothing-since-assuming-office-in-May-2015 .gif" alt=" Olu Falae accuses President Buhari of achieving nothing since assuming office in May 2015 > </p>

Former secretary to the government of the federation, Olu Falae accuses President Buhari of having achieved nothing ever since he assumed office in May 2015 according to Vanguard reports.

The former secretary of the federation said nothing good has ever happened during the current administration of President Buhari-led government.

Olu falae also said that Buhari's health has barred him from carrying out his responsibilities as the president of Nigeria.

In his word; “Let’s see what happens in the next two years, but nothing has changed, it hasn’t been a good start."

Falae condemned the late passage of the 2017 budget; saying that President Buhari has been sick for most part of his time as president.

He was quoted as saying; "The president has been sick most of the time so there has been no focus no thrust; it’s not clear what they are trying to do apart from talking about anti-corruption and Boko Haram. From where I stay here in Ondo State I don’t see what they’re doing".

He therefore called on the federal government to making sure that more strategies are employed to overhaul the nation's deteriorating economy.

The economist further said; “The inflation is for the most part imported inflation. It is not arising because we have employed everybody and they earn so much money like we had in the time of Udoji when people get areas and were buying things.

“That’s not what we are having, that type of inflation is called demand pull inflation, where everybody has money and goes to market demanding for fewer goods, but that’s not what we are having. It is cost push because it is cost of producing things that’s high. Not the cost, but the foreign exchange cost.

“The price and cost of production has gone up because we have been importing things and the dollar has gone up , so we are importing that inflation," Former SGF noted.

No comments:

Post a comment

Designed by Jide Ogunsanya.