Hardships Under Tinubu have led to an increase in the number of lunatics in Lagos — Rewane
Bismarck Rewane, has stated that the number of lunatics and mentally unstable people on the streets of Lagos State has increased
Rewane, a renowned economist, has indicated that the poverty and hardships imposed by the administrations of Babajide Sanwo-Olu and Bola Tinubu in Lagos State are to blame for the rise in the number of insane and mentally unstable persons living on the state's streets.
According to an earlier article by SaharaReporters, the economist also observed that if the costs of staples like rice, bread, and garri don't decrease, people won't be interested in the budgetary data released by the administration led by President Bola Tinubu.
This was disclosed on Thursday in an interview with Channels TV by Rewane, the Managing Director of Financial Derivatives Company Limited.
Nigerians, according to Rewane, had reached their breaking point, and "some of them walk across the road even in moving traffic."
The economist added that if the costs of staples like bread, rice, and garri continued to rise, people would not be interested in the budgetary data released by the government of President Bola Tinubu.
“In the end, budgetary arithmetics, budgetary mathematics in economics is of no use to anybody except when by this time, six months' time, if we are buying rice at N40,000 a bag rather than N60,000 a bag, if we are buying bread N900 a big loaf instead of N1,300 which we are doing today. If we are buying garri at lower prices.
“The people are not interested in whether the budget is balanced and what the debt is. How does it (the budget) affect their day-to-day livelihood? That is the key thing.
“Rewane, analysing the budget proposal, said in the final analysis, the people are not interested in figures but want to feel the impact of the government's economic policies as many are under pressure.”
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