By Kayode Araba.
Thus, the Senate committee on Judiciary, Human rights and legal matters and senator representing Ondo Central senator Adeniyi Adegbonmire has justified ,President Tinubu economics policy score him 100 percent in two years in office.
He said Nigeria should thank the President Tinubu for saving Nigeria economy because he inherited a collapsed economy and choose to take tough, unpopular reforms to saved Nigeria economy.
However, this was made known to press men at a briefing in Assembly Complex on x-ray of two years in office of president Tinubu administration,Sen Adeniyi Adegbonmire says,, President Tinubu economic policies is necessary saved Nigeria economy collapse
He further stated that no country survived without a stable and strong economy policies insisting that the president’s decisions is not to punished Nigeria but to prevented country from plunging into economic woes.
Ondo Central Senator also alluded to the fact that President Tinubu inherited an economy teetering on the brink of collapse saying the situation in Nigeria is a “financial time bomb” fuelled by years of unsustainable subsidies, reckless borrowing, and unchecked monetary expansion.
Therefore , Senstor Adeniyi said,President Tinubu met a bleeding economy subsidy fraud, uncontrolled borrowing, and a Central Bank printing trillions without productivity Senator Adegbonmire said. “Any leader could have inherited this mess, but not every leader would have had the courage to fix it but president Tinubu have to took the bullet.
Senator Adegbonmire also said ,the past leaders refused to take decision on economy which could have saved the country economy suffering but what we are seeing today institutionalized fraud in the fuel subsidy regime and perilous fiscal management by previous leaders.
On fuel subsidy he said Nigerian are the one paying trillions for it and over 60 percent of that fuel was smuggled across borders he revealed that it was an industrial-scale fraud, and it was the Nigerian people who were footing the bill he accused past administrations of creating economy problem built on excessive borrowing and artificial monetary support, pointing fingers at the Central Bank of Nigeria for printing money without any corresponding increase in productivity.
