Former member representing the Iseyin, Itesiwaju, Kajola and Iwajowa federal constituencies in the National Assembly, the Hon. Olasupo Abiodun, has lamented what he described as the sorry state of affairs in Nigeria, saying that under the current administration of the All Progressives Congress, the suffering is similar to the regime of former Ugandan despot Idi Amin Dada.

The former manager made the reference on Saturday during a live interview on Inspiration FM in Ibadan, the capital of Oyo state.

According to him, the violation of the CBN Act and other political crises by President Muhammadu Buhari have left Nigerians even more impoverished.

While criticizing monetary policy, he said that a situation in which the Presidency backs the Central Bank of Nigeria to print more than the stipulated five percent of the nation’s naira denominations was unnecessary, insisting that the country needed real leadership to Get out of the current situation. economic predicament

Reinforcing his assertions, the former legislator said that the CBN Law only allows the printing of money to cover the Federal Government’s revenue shortfall, not to exceed 5 percent of the government’s previous year’s revenue.

He claimed that the Buhari government has been averaging N4 trillion per year, which implies that the country should not have exceeded N800 billion, but the records show much more than that.

“Today the Nigerian economy is in shambles, we are borrowing to repay the loans, while Nigerians are dumbfounded as to where the domestically generated revenue is going to go, we must change course before APC wrecks this ship” , said.