Tambuwal suggests injection of money as remedy for economic recession

Aminu Waziri Tambuwal

Sokoto State Governor, Aminu Waziri Tambuwal, has suggested the injection of more money into the nation’s economy as a way out of the present economic recession.

The governor, who was fielding questions from newsmen in Sokoto, urged the country to borrow a leaf from the way America tackled its recent economic recession by improving the purchasing power of the people.

According to him, one of the causes of the current economic woes was the way the former administration ran the affairs of the country.The former speaker of the House of Representatives said he had nothing against former president, Dr. Goodluck Jonathan, except his disagreement with the way the country was being run.

The governor said that the reconstitution of the State Internal Revenue Board was not aimed at imposing obnoxious taxes on the people to make life more difficult for them but to ensure the collection of what was due to the government.

He explained that the state needed more money to implement the N204 billion 2017 budget so that it would an improvement over the performance of the 2016 budget.

He explained that the former board could not even meet the monthly target of N500 million, which could easily come from Pay As You Earn (PAYE).
On the progress of the state Independent Power Project (IPP), Governor Tambuwal, said it had already undergone nine tests, and remaining three more after which the technical committee would confirm it ready for power evacuation to the Kaduna Electricity Distribution Company for supply to homes.

The governor said despite the economic crisis his administration had continued with the legacy of prompt payment of salaries and allowances which it inherited from the past administration. adding that the bailout fund was used for the settlement of gratuity and pension for retired civil servants.

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Aminu Waziri Tambuwal
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