Thursday, September 8, 2016

Nigeria in recession because of hurried implementation of TSA – Ben Murray Bruce

The lawmaker representing Bayelsa Central Senatorial District, Senator Ben Murray Bruce, has reasoned that the “hurried implementation” of the Treasury Single Account, TSA, may be one of the reasons the country is in economic recession.
Taking to Twitter on Thursday, the entertainment entrepreneur regretted that everything is politicised in Nigeria, adding that the country’s current interest rate is ridiculous for a country in recession.

His tweets read: “Nobody locks up money in a vault in a recession. In fact, the hurried implementation of TSA may be part of the reason we are in a recession.”

“We must make it easier, not more difficult, for business to obtain credit.”

“Now that we have found ourselves in a recession, we must do the commonsensical thing to do and spend our way out of the recession.”

“We politicize everything in Nigeria. It is our undoing because the economy should bow to politics, politics should not bow to the economy!”

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