CBN Act: Nigeria’s economy in free fall, worse than Idi Amin’s Uganda – Hon Olasupo

CBN Act: Nigeria’s economy in free fall, worse than Idi Amin’s Uganda – Hon Olasupo


The former member representing Iseyin, Itesiwaju, Kajola and Iwajowa federal constituency at the National Assembly, Hon. Olasupo Abiodun, has lamented what he described as the sorry state of affairs in Nigeria, saying under the current All Progressives Congress administration, the suffering is similar to the regime of the former Ugandan despot, Idi Amin Dada.

The former Rep made the reference on Saturday while featuring in a live interview on Inspiration FM in Ibadan, Oyo State capital.

Acccording to him, the violation of the CBN Act and other policy crisis by President Muhammadu Buhari has left Nigerians more impoverished.

While criticising the monetary policy, he said a situation where the Presidency gives backing to the Central Bank of Nigeria to print more than the stipulated five percent of the nation’s naira denominations was unnecessary, insisting that the country needed true leadership to wriggle out of the current economic predicament.

Butressing his claims, the…

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CBN Act: Nigeria’s economy in free fall, worse than Idi Amin’s Uganda – Hon Olasupo

 

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