Hurried TSA implementation a reason we're in recession, says Bruce

Ben Bruce, lawmaker representing Bayelsa central senatorial district, says 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, Bruce said: “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.”

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

He said Nigeria’s current interest rate is ridiculous for a country in recession.

“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.”

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 Ben Murray-Bruce @benmurraybruce
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.
7:48 AM - 8 Sep 2016

  178 178 Retweets   62 62 likes
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 Ben Murray-Bruce @benmurraybruce

We must make it easier, not more difficult for business to obtain credit. Our current interest rate is ridiculous for a nation in recession!
7:47 AM - 8 Sep 2016
  102 102 Retweets   64 64 likes
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 Ben Murray-Bruce @benmurraybruce

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.
7:46 AM - 8 Sep 2016

  58 58 Retweets   32 32 likes
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 Ben Murray-Bruce @benmurraybruce
We politicize everything in Nigeria. It is our undoing because the economy should bow to politics, politics should not bow to the economy!
7:25 AM - 8 Sep 2016
  96 96 Retweets   36 36 likes
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