Nigerian Govt N5 Billion Palliative Is A Waste – Femi Falana

Femi Falana SAN

 

Popular human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has said the Federal Government’s N5 billion fuel subsidy removal palliatives are diversionary and a waste.

 

Falana stated this on Friday while fielding questions during an interview on Channels Television.

 

Recall that the Federal Government approved N5bn for each state and the Federal Capital Territory (FCT) to enable them to procure food items for distribution to the poor in their respective states.

 

Governor Babagana Zulum of Borno State disclosed this at the Presidential Villa, Abuja, shortly after the National Economic Council (NEC) meeting.

 

In addition to the fund, Zulum said the Federal Government also released five trucks of rice each to the 36 state governors.

 

Sharing his thoughts on the development, Falana opined that the President ought to address the root cause of the economic crisis which is the dollarization of the country’s economy.

 

He lamented that the Central Bank of Nigeria was wrong to have floated the Naira at the foreign market.

 

“Most of the interventions are temporary, sometimes diversionary, because the major problem is the dollarisation of the economy”, he said.

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