‘Saboteurs hoarding naira, dollars now on watchlist’

The Senate Leader, Opeyemi Bamidele, has said that some saboteurs hoarding naira and dollars to frustrate President Bola Tinubu’s efforts at reinvigorating the economy have been put on watchlist ofthe Federal Government.

He said that the saboteurs creating artificial scarcity of the currencies were determined to undermine all efforts by the current administration towards putting the country’s economy on the right track.

Bamidele stated this, yesterday,at his Iyin-Ekiti country home in Irepodun/Ifelodun Local Council of Ekiti State, while celebrating the Christmas with his constituents.

He said that the dastardly act of the saboteurs were deliberately undermining President Tinubu’s efforts to revamp the country’s economy by manipulating the foreign exchange market (forex) for their personal gains.

The Senate leader said the saboteurs’ action was hurting the manufacturing and other productive sectors as they lack access to forex needed to import raw materials, spare-parts and machines.

The senator, representing Ekiti Central Senatorial District, added that Tinubu’s administration could have achieved much for the country within the short period in the saddle, but for the destructive tendency of the cabals, who are fighting back over removal of oil subsidy and other economic policies that appear to be against their interest.

He, therefore, reiterated that the Federal Government would soon expose the saboteurs and deal with them as they are already on the watchlist, saying that Nigeria cannot afford to succumb to the destructive tendency of the profiteers.

Bamidele, who admitted that Nigerians are experiencing hardship due to the subsidy removal on oil, coupled with activities of the saboteurs, gave the assurance that the economy and other critical sectors would bloat into shape with holistic implementation of the 2024 budget.

He said that in the next few months, Nigerians would heave a sigh of relief. Bamidele maintained that the Senate would meet the December 30, 2023, deadline set for passage of the N27.5 trillion budget.