A former Deputy National Chairman of the People’s Democratic Party, Chief Olabode George, has expressed disappointment about the economic policies of the Bola Tinubu-led administration.
Chief George who made this known while speaking during a state-of-the-nation press conference in Lagos, alleged that President Tinubu’s economic policies are hurting Nigerians.
According to the elder statesman, the federal government’s method in the distribution of palliatives to Nigerians is voodoo economics.
Analysing the palliatives given to states by the federal government, the PDP chieftain said: “There is no individual in this world that knows it all.
“Who is the Chief Economic Adviser in the Villa? Is he a voodoo economist? Is he a medieval economist? Basic theory in economics says that when too much money is chasing a few goods, it causes hyperinflation. You gave N5 billion to states as palliatives, Who took that decision? Lagos has more than 22 million people, Bayelsa has about two million people and they have the same money.
“Kano with a huge population got the same with Jigawa. Is it money for the boys or money for the people? The whole world is now a global village.
“The moment Russia shut down their gas pipeline to Europe; they have all been in hell. What we are talking about here is the pain the people are passing through.
“In England too, there is pain and the people are shouting, doctors are on strike and the salary can no longer meet their daily needs. The cost of electricity has gone through the roof. “But in Nigeria, what the hell are we doing here?” he explained.