Senator representing the Bayelsa East Senatorial district Ben Murray-Bruce has lamented the state of Nigeria’s economy which the country’s leaders seem less concerned about.
In a series of tweets today, the businessman turned politician wrote: “Powerful individuals shouldn’t be focused on settling scores. Instead they should concentrate their energy on settling an unsettled economy!”
Putting his tweet into context, the senator noted that despite the fact that the Nigerian economic pie is shrinking, the mouths that are eating the pie are increasing.
Apparently referring to the ongoing trial of Senate President Bukola Saraki which many believe was politically motivated, Murray-Bruce said “…while we are showing each other who is boss,” the Nigerian Stock Exchange is losing over $1 billion on some days.
“Right now, the Private Sector is shedding jobs faster than ice is melting in the North Pole. Banks are sacking, politicians are fighting!”
One of Nigeria’s largest banks, Zenith bank recently sacked 1,200 workers among several other job losses in the country. According to the National Bureau of Statistics (NBS) 141,368 jobs were created in the economy in the second quarter of 2015, a decline of 69.9 percent (327,702) when compared with the number of jobs in the preceding quarter.
