The Governor of Imo State, Hope Uzodimma, has said that apart from cabals, deities also benefitted from the mismanaged petroleum subsidy and foreign exchange regimes in Nigeria.
The Governor of the South East state said this on Sunday on a Channels Television programme: “Sunday Politics.”
Uzodimma said this was before President Bola Tinubu halted the subsidy and foreign exchange regimes.
He said: “I tell you, in my findings and understanding of the country, there exist cabals and deities, who before dollar business can be conducted, must be worshipped.
“They are the people sponsoring artificial media.
“They are the people sponsoring oppositions to come with blackmail and negative propaganda against a President who is very versatile, who is from the private sector, who means well, who wants to correct the ills of the past.
“The fuel subsidy that has just been removed was benefiting a group of cabals who became very rich overnight to the detriment of Nigerians.
“We have billionaires who bought private jets, built castles all over the world in the name of subsidy.”
Uzodimma said the companies leaving Nigeria were not investors, adding: “They are those who are benefiting from the cabal system.
“When they tell you they are leaving, they are leaving because they can no longer benefit from foreign exchange disparities, they can no longer benefit from crude oil theft, they can no longer benefit from petroleum subsidy pretending to be importing fuel when they were not importing anything.
“And again it is a blessing in disguise because the more they leave, the more opportunities for indigenous companies to participate.”
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On the argument that President Tinubu’s economic policies were not working, the Chairman of the Progressive Governors Forum said: “In the process of economic recovery, there is what we call the infancy stage.
“He has just drafted policies that will make the Naira very strong again and there will be initial challenges.”
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