Buhari regime engaging in financial rascality: Gov. Obaseki
Governor Godwin Obaseki has slammed President Muhammadu Buhari and his economic team for engaging in “monetary rascality” as Nigeria flounders.
Peoples Gazette reported that the country’s inflation had worsened, hitting 18.17 per cent in March.
The country’s consumer price index, which measures inflation, increased by 18.17 per cent (year-on-year), 0.82 per cent points higher than the rate recorded in February 2021 (17.33 per cent).
Mr Obaseki censured the government in a series of tweet via his official Twitter handle, @GovernorObaseki, on Thursday.
He asked Mr Buhari’s regime to take urgent steps to resolve the country’s economic crisis.
Specifically, he advised the Minister of Finance, Budget and National Planning, Zainab Ahmed, to rally Nigerians in a bid to stop the “fiscal slide.”
“Rather than play the ostrich, we urge the government to take urgent steps to end the current monetary rascality so as to prevent the prevailing economic challenge from degenerating further,” said Mr Obaseki.
He added, “We believe it is imperative to approach the Nigerian project with all sense of responsibility and commitment and not play to the gallery because ultimately, time shall be the judge of us all.”
Last week, Mr Obaseki expressed concerns about Mr Buhari’s fiscal policy, claiming that the federal government printed N60 billion for states to share in March.
He projected that the government’s chronic borrowing system would result in an additional N16 trillion debt at the end of the year.
In response, on Wednesday, Ms Ahmed accused Mr Obaseki of spreading falsehood.
“The issue that was raised by the Edo state governor for me is very, very sad because it is not a fact,” said the minister.
The country’s consumer price index, which measures inflation, increased by 18.17 per cent (year-on-year), 0.82 per cent points higher than the rate recorded in February 2021 (17.33 per cent).
The CPI report for March released by the National Bureau of Statistics detailed that the headline index increased by 1.56 per cent in March 2021, which is 0.02 per cent points higher than the rate recorded in February 2021 (1.54 per cent).
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Husband of missing police officer seeks IGP’s intervention
The husband said Mrs Ruth and four of her colleagues went missing on February 13 after an ambush during their official assignment to Abia.
World
Cardiologist gets four-year jail term over deaths of two patients
The cardiologist was found guilty of manslaughter by a court in Berlin after determining he was responsible for killing the two patients.
NationWide
Suleja Jailbreak: Coalition seeks tight security measures, modernisation of custodial facilities
The coalition said there was an urgent need to examine the root causes of jailbreaks and other related issues bedevilling the country’s custodial facilities.
World
Iran arresting, detaining women over head covering: UN
The country’s morality police had announced stricter checks some weeks ago, the UN High Commissioner for Human Rights Volker Türk said.
World
Ukraine receives bodies of 140 fallen soldiers from Russia
It is not yet known whether and how many dead soldiers Russia has received from Ukraine.
Education
ASUU urges Sokoto govt to pay state varsity workers’ outstanding allowances
The ASUU-SSU also called on the Sokoto State government to settle the Earned Academic Allowance (EAA) owed to its members.