By Francis Ogbuagu
A British trained Media and Management Consultant,Mr Tony Abolo has criticized the President Muhammadu Buhari’s Social Investment Programme (SIP), describing it as one of the worst economic policies of this administration, just as he condemned the recent hike in prices of Premium Motor Spirit (PMS), Value Added Tax(VAT), Electricity Tariff and Pay TV subscriptions.
He said the Nigerian Government has been busy throwing money into an investment that does not return enough productivity into the economy. According to him,such investment means dwindling the capacity of the economy, as the investment does not return productivity to the system.
He also condemned the recent hike in fuel price, saying that every Kobo added to the cost of fuel has a spiral effect on food, transportation, rent and in Peoples’ lives generally. He attributed the volatility in the cost of fuel to it’s landing cost occasioned by the current exchange rate, berating the government for depending on importation for it’s fuel consumption.
Hear him.” The President have been throwing good money at the most unproductive sector of the economy with his Social Investment Programme.What is he doing with that,how does he empower those who cannot return enough productivity to the economy? It means you are dwindling the capacity of the economy,atfter that, you think there is something that is beingwasted, trying to make sure that you protect the people? Looking at the multiplying effect, every Kobo that goes into the the fuel cost has a spiral effect on food, transportation, rent and Peoples’ lives generally.
“Therefore, you should ask him,why don’t you stop that kind of programme,why can’t he stop this kind of redundant expenditure and silly wastage in the economy?”
He berated Labour Unions, Civil Right groups and those who said they are progressives, asking, ” In retrospect,where are those who call themselves Progressives,? Where are the Occupy Nigeria , Save Nigeria Group, they are silent and can’t demonstrate now or they can’t see that there is something wrong?
“So, everything that Buhari does is suddenly right, and nobody can pears through the eye of the government policies and see something wrong, detrimental and injuries to the people and the economy? We just sit down and swallow everything line, hook and sinker?”
Abolo advised Nigerians and those pretending to be Progressives to put on their Progressive hats and come to the main road and show they are Progressives indeed, “Let those pretending to be Progressives put on their Progressives hat and come to the main road and occupy Nigeria, the Revolution Now and other groups.” He concluded.
