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Monday, April 22, 2024

Nigerian economy in progressive free fall -APC chieftain Eze

A chieftain of the All Progressives Congress, Eze Chukwuemeka Eze, says the Nigerian economy has progressively continued in a free fall while the value of the Naira to other convertible currencies is steadily on a downward trend and is nearing a state of worthlessness in the international money market.

He noted that the effect of the uninterrupted journey of the Naira to its place of final rest is the hike in the price of food and other basic commodities.

In a statement made available to the media, the politician noted that the attendant reality is the hunger and starvation that is feasible on the faces of angry Nigerians, who, according to him, are unsure of a square meal for each passing day and most of whom go to bed each night hungry.

Countering the assertions of pro-Tinubu commentators, Chief Eze said: “Assuming the policies were good, with very little or no thought towards the complex chains of reciprocal interactions and variables required in the translation of policies into actions, there is bound to be a widening gap between intentions and results as is the case in the present.”

He also expressed shock over a recent comment credited to Vice President Kashim Shittima, who had inferred that politicians who lost in the 2023 general election were orchestrating a plot to destabilize Nigeria.

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Describing Shetima’s claims as inconsequential, Eze said Tinubu was never prepared to make any meaningful impact in Nigeria, adding that his only concern was to be President and nothing more.

“The pernicious effects of perpetual poverty have become real under his administration and these are his chief legacies,” he said

“There seems to be no efforts by the present administration in tackling the economic concerns of the country and if there are, he said, it means such efforts are not good enough and shifting blame to patriots who are in their private capacities thinking out ways to help the country is to say the least myopic.

“I laugh at the reasons expounded by some of our leaders and Scholars as the factors behind our present food Crisis. They failed to highlight insecurity as the main bane of the present economic woes facing Nigeria.

“Where do we get the food to eat when most of the farmers both in the North and Southern sections of this country particularly those in the North Central are now in the IDP Camps leaving their farms in the hands of herders?

“And we are busy fooling ourselves that we don’t have enough food to feed the populace. What part of Nigeria is safe or secure for normal farming activities to take place?

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“This is the reality. Our problem is human-induced, yet we are expecting God to send us manna from heaven as he did to the people of Israel who had no means of farming at the period God sent manna to them.”

Theresa Arike with Agency Reports
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