The Senator made the remark while speaking during plenary session on Thursday.
Adeyemi berated the previous governments for failing to leverage on the high price of crude oil in improving social amenities as well as diversifying the economy.
“When we were asking the government of the day at that time, to diversify the economy. At the time oil was selling at $100 to $150, that party, squandered our resources,” he said.
“Roads were not built, road lines were not constructed, where did the money go? Who were the people who were in charge of our resources?
“I pity this president, I pity this government now that oil is now selling at $22 or $30.”
The senator said those living in mansions should pay property tax to save the country’s economy.
“In the last decade or so we used to have some of these toll gates but suddenly they were removed by other party when they were in government,” he said.
“I think the time has come for those who drive in exotic cars, SUV cars to pay to the government.
“I think I should equally mention that those who live in mansion in our cities, those who have taken so much for the society, before the masses will rise, we should start looking at introducing property tax. For those living in mansion, they should start paying back to the society to save the economy of our nation from collapse.”
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