JUST IN: Tinubu Comes Down Hard On Buhari, You Will Be Shocked By What He Said About The President

National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has urged the Federal Government to get Nigeria out of recession by urgently reviewing its monetary policies. Tinubu spoke on Wednesday as a guest lecturer at the National Defence College Course 25, titled, “Strategic Leadership: My Political Experiences.” He argued that Nigeria’s current inflation rate of 18 per cent was unbearable and that Nigerians were suffering for it.

He said, “In the situation we face, deficit spending is essential to bolster aggregate demand and direct funds to projects that build infrastructure and bolster employment. We must better harmonise monetary policy with fiscal policy. It undercuts our goals if monetary policy is unduly tight at a time when fiscal policy begets deficit spending. You have to stimulate this economy, you have to spend yourself out of this recession and you cannot do that by consistently stifling the banks of liquidity. It is their money; it is their saving. We have to criticise ourselves when it is necessary, speak truth to power. Tinubu added that the leadership of the APC was right to criticise the Federal Government, because “when it is necessary, speak truth to the power, we are the power, we will talk the truth to ourselves.”