Tinubu tasks government on economic policies, others
Former governor of Lagos State and All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, yesterday, took a swipe at the Federal Government’s economic policy, asking for immediate review to save the country from sliding into depression. He warned against what he called “lack of true federalism”, saying, “unjust allocation of resources makes a fertile ground for extremism.”
Tinubu, who insisted that the current economic policy of the government had not done the country any good, pointedly told President Muhammadu Buhari to realign trade policy with the country’s need to create a meaningful industrial base and more potent agricultural sector.
“We can no longer allow cheap imports to preclude the development of industries and sectors strategic to our enduring economic future, “he submitted.
Speaking at the National Defence College, Abuja where he delivered a paper titled: “Strategic Leadership: My Political Experience”, Tinubu faulted the current administration’s monetary policy, arguing that, as a strategic partner in the formation of the government, it was incumbent on the leaders to “speak truth to power.”
At the occasion where he also donated N10 million to the college as part of his contribution to enriching the strategic development of the college, the former governor said although the government had recorded appreciable achievements in the security sector, especially the defeat of Boko Haram insurgency in the North East, he added that it was necessary “to move closer to the overarching vision
“We now have to shift primary focus to the economic front. The desired economic restructuring will require a change in economic mindset and strategy.
“We must avoid the nostrums of mainstream orthodoxy that say government deficits are always bad.”
The politician went on: “In the situation we face, deficit spending is essential to bolster aggregate demand and direct funds to projects that build infrastructure and bolster employment.”