A former governorship candidate, Mr Babatunde Gbadamosi, believes there is a need for the Federal Government to be more proactive in order to save Nigeria from sinking.
Speaking during an appearance on Sunday Politics, Gbadamosi who contested the March 9 Lagos State Governorship Election on the platform of the Action Democratic Party (ADP) described those managing the nation’s economy as ‘amateur’.
“The reality is that Nigeria is sinking very fast under amateur economic managers,” he said while reacting to the request for the approval of the 2016-2018 External Borrowing Plan.
President Muhammadu Buhari had on Thursday last week urged the National Assembly to review and approve the plan after it was rejected by the 8th National Assembly.
In letters addressed to the leadership of the Senate and House of Representatives, the President explained that the request was for specific outstanding projects under the 2016-2018 borrowing plan.
In his reaction, Gbadamosi faulted the move by the President and took a jab at those managing the economy.
He stressed that the nation does not need to borrow money but rather, put certain measures in place that would help generate more revenue.
The former governorship candidate also advised the Federal Government to create a better conducive environment for businesses to thrive.
“The people that are running the economy right now are ranked amateurs; they have no clue what they are doing,” he insisted.
Gbadamosi added, “Stop borrowing, open up the economy. Open the land borders, allow trade, remove forex restrictions; stop trying to micromanage the foreign exchange rates.”