Gabriel Suswam, former Governor of Benue State and current lawmaker representing Benue North-East Senatorial District, lambasted the economic policies of the Bola Tinubu-led Federal Government, asserting that they lack the capacity to change Nigeria’s economic fortunes. Suswam made these remarks during an appearance on Channels Television’s Newsnight program earlier in the week, where he scrutinized the government’s approach to economic management.
Suswam highlighted the failures of the current administration, citing the detrimental impact of policies introduced under President Buhari’s tenure. He criticized the removal of fuel subsidy, currency floatation, and increased electricity tariffs, arguing that these measures have exacerbated inflation and added burdens on the average Nigerian.
Moreover, Suswam questioned the competency of cabinet members under Tinubu’s leadership, alleging that many lack the requisite capacity to effectively discharge their duties. He criticized the implementation of policies based on excuses rather than sound judgment, pointing to the impracticality of the national budget and the recurring reliance on selling government assets to finance deficits.
Suswam lamented the widening deficit and the government’s reliance on borrowing, both internally and externally, cautioning against the detrimental effects of printing money and currency depreciation. He highlighted the disproportionate burden of increased electricity tariffs on Nigerian consumers, particularly in comparison to the minimum wage.
In contrast to the current administration’s policies, Suswam advocated for a return to the governance style of the People’s Democratic Party (PDP), emphasizing the need to rebuild the middle class and restore economic stability. He expressed confidence in the PDP’s ability to revive Nigeria’s economy, citing the party’s past achievements and available resources.