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.
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