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Home»General News»Palliatives: “Giving N5bn to each state with different population is voodoo economics” – Bode George
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Palliatives: “Giving N5bn to each state with different population is voodoo economics” – Bode George

Palliatives: "Giving N5bn to each state with different population is voodoo economics" – Bode George
NewsdeskBy NewsdeskSeptember 5, 2023Updated:September 5, 2023No Comments3 Mins Read
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“You gave N5 billion to states as Palliatives. Who took that decision? Lagos has more than 22 million people, Bayelsa has about two million people and they have the same money. Kano with a huge population got the same with Jigawa. Is it money for the boys or money for the people? The whole world is now a global village”

Bode George

A chieftain of the People’s Democratic Party (PDP), Bode George on Monday, described President Bola Tinubu’s grant of N5 billion to each of the 36 states of the federation, and the Federal Capital Territory (FCT), which have different populations, as “voodoo economics”.

Speaking during a state-of-the-nation broadcast in Lagos, the elder statesman also said that Tinubu’s economic policies were hurting Nigerians.

“There is no individual in this globe called earth that knows it all. Who is the Chief Economic Adviser in the Villa? Is he a voodoo economist? Is he a medieval economist? Basic theory in economics says that when too much money is chasing a few goods, it causes hyperinflation. You gave N5 billion to states as Palliatives. Who took that decision? Lagos has more than 22 million people, Bayelsa has about two million people and they have the same money.

“Kano with a huge population got the same with Jigawa. Is it money for the boys or money for the people? The whole world is now a global village.

“The moment Russia shut down their gas pipeline to Europe; they have all been in hell. What we are talking about here is the pain the people are passing through.

“In England too, there is pain and the people are shouting, doctors are on strike and the salary can no longer meet their daily needs. The cost of electricity has gone through the roof. But in Nigeria, what the hell are we doing here?” He said.

Bode George warned the judiciary not to truncate the electoral process.

“Whoever that the tribunal eventually announces as the winner of the election, I am saying, if the judiciary pronounces anybody the president with the shambolic procedure from this election, it will be a shame on this country. The judiciary should never go through that route.

“The procedure is faulty and so they should direct the Independent National Electoral Commission, INEC, to go back and do the election again. If it is one million times, go back and do the election. You see now that there is peace in Kenya because the Supreme Court said go back and do the election.

“Otherwise, if they pronounce Mr A or Mr B as the winner of that shambolic election, then democracy in Nigeria would be redefined as the government of the judiciary, for the judiciary and by the judiciary. Is that a democracy?” He further said.

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