Dr. Katch Ononuju, an Abuja based economist has described President Muhamadu Buhari’s latest approval of N700bn from the relief fund to offset the backlog of outstanding salaries, and monies owed contractors, as a contradiction and a reflection of his cluelessness on the state of the economy.
Katch, in an exclusive interview with POST NIGERIA, doubted Buhari’s understanding of how the economy operates, re-instated that the bail-out is a far departure from Buhari’s earlier “empty treasury” stance.
He therefore cautioned Buhari and politicians in his administration to stop degrading and spreading lies about the economy.
“The Government seems not to know where to go right now.
“Right now the Government is clueless because if the driver of a vehicle suddenly has the passengers in the vehicle fighting even before it has left the park, I think that could be described as being clueless
“There is nothing like an empty treasury.
“I believe Buhari was just lying with his empty treasury statement. Nigeria is not poor and the economy is not broke. They should stop talking down about Nigeria.”
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