Ekiti State governor, Ayodele Fayose has stated that the President Muhammad Buhari-led administration cannot impose the Treasury Single Account (TSA) on states, saying that such a move is akin to a blind man leading those who can see.
The governor in a statement on Friday, by his Special Assistant on Public Communications and New Media, Lere Olayinka stated that the Federal Government was not in the position to counsel or force any State to accept policies that are not working for those that introduced them.
He advised the federal government to “rather face the dwindling economy of the country instead of going about grandstanding on a TSA policy that was already tainted with fraud.”
It would be recalled, that the Minister of Budget and National Planning, Senator Udoma Udo Udoma, had called on States to accept the TSA, with the Central Bank of Nigeria (CBN) Rolling out guidelines for its adoption by the states.
But reacting, Governor Fayose said “The same minister whose office could not prepare a simple budget should not assault the sensibilities of Nigerians by telling States to accept a TSA policy that is characterised with fraud.”
The governor noted, that “the TSA policy was aimed at enriching some individuals for doing virtually nothing and that can be seen in the discovery of N25 billion that was said to have accrued to just a single company in one month!”
Fayose maintained that President Buhari lacked the required mental capacity to rescue the country from the present economic problems, and that it was an insult for a federal government that appeared to be clueless to be preaching its unworkable policies to other tiers of government.
“The rate at which Dollar is rising, we will soon begin to talk about one US Dollar being equivalent to N500. As at today, it is already more than N400 to $1.
“Workers are being sacked on a daily basis, while prices of goods are rising astronomically and Foreign Reserve is declining on daily basis. Yet, all that this All Progressives Congress (APC) and President Buhari’s Federal Government can be preaching is for States to accept TSA as if that will stem the tide of the rising hunger and sufferings that is ravaging Nigeria. “Methinks these people should just face the reality of their failing government and seek for help from those who know better than them instead of carrying with this attitude of ‘we know it all’ so that the economy of this country will not collapse totally.”
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