Recession: Northern elder stateman, Balarabe Musa slams Buhari’s poor economy policy

Buhari mourns Luther Cishak, Kasimu Yero
President Buhari
United Bank for Africa

Alhaji Balarabe Musa, former Kaduna state Governor on Monday, blamed President Muhammadu Buhari’s poor economy policy as the cause for the country’s economic recession.

According to Channels Television, the elder stateman during an interview said that the Nigerian government’s lack of sound economic policy and the leading role of the private sector in controlling the economy are largely responsible for the nation’s economy sliding into recession.
He argued that the policies of the federal government, instead of ameliorating the sufferings of the people, have further impoverished and inflicted more pains on the masses.

He expressed fear that the recession could lead to a mass uprising across the country if not quickly addressed by government.

Musa, who is also the National Chairman of Conference of Nigeria Political Parties (CNPP), stressed that for Nigeria to come out of the current situation, the federal government must allow the public sector to play the leading role in the economy.

He equally advised the federal government to place a stiff restriction on importation of goods that ordinarily could be manufactured locally and to also put the enabling environment for the local industries to grow.

While stating that the fight against corruption under the present administration has not made any significant impact, Balarabe Musa challenged the government to make the amount of stolen funds recovered so far from corrupt officials public, and to state what it intends to do with such funds.