- Reno Omokri, former aide to ex-President Goodluck Jonathan said President Buhari is the cause of Nigerian economy recession
- Omokri, said that President Buhari out of hunger and desperation for achievement ordered all one account, the Treasury Single Account (TSA)
- Ex-President Goodluck Jonathan said said the Buhari administration’s ‘unwise’ decision made the country broke Reno Omokri, former aide to ex-President Goodluck Jonathan, has blamed President Muhammadu Buhari’s administration over the Nigerian current hard time.
Former aide to immediate-past President Goodluck Jonathan, Reno Omokri, faulted the Buhari-led administration over the the current economic woes befalling the Nigerian politity which has since sunk the nation is a drastic economic recession.
Omokri among a number of issues slammed the administration for stealing Goodluck Jonathan and Okonjo Iweala, ex-Finance Minister’s idea which it never conceived and knew nothing about and then enforced in the polity in a bid for achievement after zero achievements during his first 100 days in office.
The ex-aide broadcasted this Wednesday night, June 15 during a live Facebook life on social media.
Reno Omokri Blasts Buhari
He said: “Normally nations go broke but it takes time. The reason Nigeria is suddenly broke is because there is something called the Treasury Single Account (TSA).
“The TSA was a brainchild of President Goodluck Jonathan and Dr. Mrs Ngozi Okonjo-Iweala; when they wanted to bring all the resources of the federal government of Nigeria under one account, and they wanted that account to be a single account so they could promote transparency.
“But because they knew that if we have this treasury single account, and we recall all the funds that the federal government has in banks and in different institutions, it is going to collapse the economy.
“So they decided it was going to be done in phases. Maybe, five percent at given times of about six months.
“But then, Jonathan was defeated. The Nigerian people voted in the 2015 election and we had a new President whom we looked forward to because of what he had promised us.
“But then, Muhammadu Buhari became President. He was eager, hungry, desperate for achievement because he was there for 100 days with very little achievement to show for it.
“So, he took the TSA which was not his idea. Google it; don’t take my word for it. It was the brainchild of President Goodluck Jonathan and Dr. Mrs Ngozi Okonjo-Iweala.
“Buhari had absolutely nothing to do with the TSA. But because he was hungry and desperate for achievement, he took it and in one fell swoop ordered all federal government Ministries, Departments, Agencies (MDAs) including the universities to dump their resources in one account.
“Almost overnight, trillions of Naira that was in the commercial banking sector got sucked out of the economy and got put into the TSA at the Central Bank.
“Now, you – as a human being – what do you think will happen to you, if all of a sudden you just lost 86 percent of your blood? Are you going to stay alive? Of course, you are going to die.
“Now, within three months, our banking sector lost 50,000 jobs this is not according to me but according to the National Bureau of Statistics (NBS) controlled by the Buhari administration.
“The economy, as a whole, lost 4.85 million jobs, because finance is the life-blood of the economy. And, all this was traced to the unwise decision of the Buhari administration to, in one fell swoop, withdraw all the funds from different banks and them put them into one single account.
“That was Jonathan’s plan that was to be implemented gradually but Buhari just gave the order for the implementation of the TSA in one fell swoop.”