Inject more money into the economy – Gov.Tambuwal tells FG

The Sokoto state governor, Aminu Waziri Tambuwal has called for more money to be injected into the economy by way of buildings, road constructions and other capital projects to enable Nigeria get out of recession.

Tambuwal said this in an interactive session with some journalists at the weekend.

He revealed that governors had been discussing with the federal government to release the Paris Club money to the states and local governments in the country.
He said, “I am not an economist, but ask any economist around the world about the panacea to recession, he or she will tell you that it is the injection of money into the economy.
“With the release of such funds into the economy, there will be massive construction works and redistribution of money.”
According to the governor, former US President, Barack Obama had applied a similar method of massive construction works when US economy was in the “doldrums.”

Tambuwal maintained that construction, “is, therefore, key to taking Nigeria out of recession and bolstering the purchasing power of the citizens.”
He maintained that the country was thrown into the current economic condition because of the way the previous administrations handled the affairs of the economy.
“Nigeria would not have been experiencing recession had the previous government were prudent enough. When we raised alarm that time, people thought we hated the former President Goodluck Jonathan, I have nothing personal against Jonathan. But we have now been vindicated.
“Destruction is always easier and takes shorter time than rebuilding and the global economic down turn did not help the administration of President Muhammadu Buhari.”

He, however, called on Nigerians to be more patient and show more understanding with the President Muhammadu Buhari-led administration, stating that, “it is easier to destroy than to build.”