Deeply worried by the poor state of the economy which has brought unprecedented hardship and hunger on the Nigerian masses with many industries collapsing, Senator Adeola Solomon Olamilekan (APC Lagos West) has urged President Muhammadu Buhari to urgently put in place persistent palliative measures to cushion the effects.
The call was made in less than 78 hours after federal lawmaker, Senator Dino Melaye (APC Kogi West) urged President Buhari to take urgent and drastic measures, including the immediate sack of three prominent members of his economic team as the solution-precedent to reboot the ailing economy.
Senator Adeola said in a statement issued in Abuja yesterday by his media adviser, Kayode Odunaro, that since the government had officially acknowledged the recession that Nigerian economy had slipped into, step had become necessary not only to save the masses from hunger but many industries from being shut.
The lawmaker, who is the vice chairman, Senate Committee on Communications, said that it was worrisome that government at all levels were not treating the issue of recession with the urgency it required to ensure that its duration was not unduly prolonged with untold suffering and even deaths for majority of the people.
While acknowledging that recession at this time was not peculiar to Nigeria, he said that the difference was that not much was being done to assured the people that government was on top of the situation in terms of marshaling out implementable policies to address the plight of groups that are hardest hit by the continuing recession.
“I must say that one is yet to see any urgency in providing palliatives for the poor and collapsing industries and other corporate bodies leading to serious job losses and a growing sense of despair among the general population.
“Experience in the past shows that one of the most reliable ways to tackle recession is to spend money on productive sector as well as welfarist spending to put money in the pockets of the poor,” he said.
Senator Adeola, a Fellow of ICAN, regretted that so far the economic team of the government, particularly the Ministers of Finance and that of Budget and National Planning, director-general of Budget Office and the Central Bank of Nigeria, CBN, Ggovernor appeared lackadaisical in their approach to what is ordinarily an economic emergency.
According to him, he was expecting the team to start dishing out policy options and direction in forms of palliative for the poor, bail out/loans for distressed organisations like Innosson Motors and airlines in dire straits.
“As we confront the unpalatable recession one is worried to see unelected ministers of government go about in convoys of SUVs with a horde of assistants and security aides as if the recession is just a word that has no effect on their lives and ways of doing things while we elected representatives are daily confronted by helpless constituents who look up to us for solutions to their economic challenges.
“This period calls for austere lifestyles and cutting of recurrent expenditure of government at all levels to free funds for interventionist palliatives for the people and organizations that provide jobs for the people as well as diversification of the revenue base of the government,” he further stated.


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