ADVERTISEMENT

Senator says Buhari's anti-corruption policy scaring investors away

On the prices of food in the market, he said that poor Nigerians were feeling the brunt far more than the rich.

Senator Ben Murray-Bruce, the owner of the Silverbird Galleria.

Bruce, who disclosed this while contributing to the Senate’s debate on the economic recession in the country, said that Nigeria should not expect foreign investments as even local investors had stopped investing.

He said that people who had money to invest were no longer doing so because the anti-graft agencies were harassing any person with cash transactions running into millions.

“Buhari’s approach to anti-corruption is wrong: let us forget the foreign investors, what about the local investors?

“If people are afraid, they will not invest; fear will not be a policy to grow the economy.

ADVERTISEMENT

“Money is a coward; it only goes to places where there is peace and tranquillity.

“I have a friend who paid legitimate N50 million into his account and the Economic and Financial Crimes Commission (EFCC) came and picked him up.

“We cannot be afraid to be Nigerians; we cannot be afraid to live in our country,” he said.

Bruce recalled that former President Olusegun Obasanjo also fought corruption but that his anti-corruption fight was not one that put fear in the minds of real investors.

He said that he supported Buhari’s anti-corruption fight but insisted that the approach should be changed to encourage investments.

ADVERTISEMENT

He said that the prices of bags of rice, beans and garri had risen by over 50 per cent while the retail prices of the same commodity rose by over 150 per cent.

The lawmaker said that while the rich bought the commodities in bags, the poor, whose minimum wage had not changed, had to buy at 150 per cent increased rate.

He attributed the increase in retail prices of items to the cost of transportation, and called for a transport policy to check transportation costs.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Crude supply issues at refinery resolved, petrol rollout begins August - Dangote

Crude supply issues at refinery resolved, petrol rollout begins August - Dangote

LG autonomy judgment may experience hitches if not well implemented – Lawyers

LG autonomy judgment may experience hitches if not well implemented – Lawyers

Air Force kills scores of terrorists in airstrikes in Kaduna

Air Force kills scores of terrorists in airstrikes in Kaduna

Cholera: Lagos Task force arrests 8 over contaminated turkey in Epe

Cholera: Lagos Task force arrests 8 over contaminated turkey in Epe

Tinubu congratulates Arise TV owner, Obaigbena on 65th birthday

Tinubu congratulates Arise TV owner, Obaigbena on 65th birthday

We don't need more states, most of the existing ones not viable - Agbakoba

We don't need more states, most of the existing ones not viable - Agbakoba

Church members trek 24.2km to promote unity, love in Abuja

Church members trek 24.2km to promote unity, love in Abuja

Reaction as NCC targets 25% increase in telecom sector to boost Nigeria's GDP

Reaction as NCC targets 25% increase in telecom sector to boost Nigeria's GDP

Food importation may destroy Nigeria’s agric sector, Adesina warns FG

Food importation may destroy Nigeria’s agric sector, Adesina warns FG

Pulse Sports

The Cristiano Ronaldo question and 3 biggest disappointments of EURO 2024

The Cristiano Ronaldo question and 3 biggest disappointments of EURO 2024

God won't forgive him for the stress — Celebrity Arsenal fan on Liverpool icon Roberto Firmino becoming a pastor

God won't forgive him for the stress — Celebrity Arsenal fan on Liverpool icon Roberto Firmino becoming a pastor

Transfer News LIVE: Chelsea set condition for Osimhen transfer as Arsenal AGREE personal terms with Calafiori plus all the latest DONE deals and more

Transfer News LIVE: Chelsea set condition for Osimhen transfer as Arsenal AGREE personal terms with Calafiori plus all the latest DONE deals and more

He will surpass me and others — France legend Zidane makes bold prediction for EURO 2024 star

He will surpass me and others — France legend Zidane makes bold prediction for EURO 2024 star

ADVERTISEMENT
ADVERTISEMENT