Falana also said that Buhari has received numerous suggestions on
removing fuel subsidy and how to handle the Nigerian National Petroleum
Corporation (NNPC) but the arguments clearly lacked merit.
Renowned lawyer, Femi Falana has said that some members of the All Progressives Congress (APC) are determined to hijack President Muhammadu Buhari’s economic policies and place them under the control of a few hands.
Falana also said that Buhari has received numerous suggestions on removing fuel subsidy and how to handle the Nigerian National Petroleum Corporation (NNPC) but the arguments clearly lacked merit.
The legal practitioner made the remarks while giving his keynote address during the unveiling and public presentation of a book entitled: “Economic diplomacy and Nigeria’s foreign policy”, written by former National Secretary of the Peoples Democratic Party (PDP), Musa Babayo.
Falana said:
“The national
planning has been abandoned for market forces by those who control our
country, and what is going on now, even from the APC, there are people
that are mounting pressure on President Buhari to continue to run the
economy of Nigeria in the interest of a few people and in the personal
minority interest of captains of industry.”
“But I
think the President answered them last week; you know their campaign
now is that ‘you must remove fuel subsidy, you must devalue the
currency, you must privatise NNPC of all institutions’ and the President
said, ‘I am not going to privatise NNPC, I will break it into two for
effective performance’, which I think is the best for our country”.
Falana also dismissed the PDP’s recent claim that Buhari’s administration is lacking clear focus and direction.
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Watch video of Buhari's inaugural speech below:
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