Former Central Bank of Nigeria (CBN) Governor Prof. Chukwuma Soludo has said even though the Muhammadu Buhari administration met a bad economy,he has made matters worse.
Soludo noted that the All Progressives Congress (APC) government promised to restructure the country but has regretfully jettisoned the idea.
“Politicians are always full of propaganda and falsehood but Nigeria will not be rescued by looking at government alone, only citizens united will come to the rescue,” he said.
The ex-CBN governor said only Nigerians can save the country from the “massive compression” that the economy is in.
“Until citizens hold them to jugular and ask them to deliver on their promise, Nigeria will continue to drift without united citizens action,” he said.
Soludo said everybody blames the leadership for every wrong while the citizens overlook their obligation to remedy bad situations.
He added that citizens can save the country through a new Nigeria.
The ex-CBN governor spoke in Enugu yesterday at the African Heritage Institution Policy debate, the Big Ideas podium.
Other speakers include former Cross River State Governor Donald Duke, member, Presidential Economic Advisory Board, Prof. Akpan Ekpo and former presidential Chief Economic Adviser and Director of Institute for Development Studies in the University of Nigeria, Prof. Osita Ogbu.
Soludo said: “Nigeria is a fragile state with failing economy and everybody wants leaders to do this or that but what do we do ourselves?
“By 2005, indices indicated Nigeria was in 54th position and we said we should do better but today we are 13th alongside countries like Afghanistan.
“This is serious and it won’t be a tea party to get out of it. Nigeria is in recession in Naira terms but in massive compression in terms of US dollar.
“Recession is a small thing and it would be a miracle if in the next eight years, this government can return dollar to the rate it met it.”
The economist stated that it was a big luxury for people to just mind their own businesses in a falling economy.
“We will get the leadership that we work for, that we demand for.
“If only the politicians can implement 20 per cent of their manifesto, what they promised in their campaigns, the country will change.
“We must all resolve to get our voices heard. Peaceful agitation must be tolerated because they call for our attention for perfection upon which we move Nigeria forward.”
Lolz
ReplyDeleteOga begin dey prepare for DSS oo! This is APC military regime! Not PDP democracy!
ReplyDeleteYou have said nothing about how economy got worse than before. Agreed, economy is actually in the doldrums. As an economist, list out the causes and effects of this failure and possible alternatives.
ReplyDeleteYou are a big fool for asking that stupid question as if you're not in this country. Tunde Gbadamosi blew the lid on massive corruption going on in the forex market perpetrated by the CBN with order from the presidency where dollars are sold to the president's cronies and allies for as low as 61 kobo to the dollar for doing nothing whole sell to manufacturers and importers for as high as 425 naira to the dollar, why won't there be crisis in the economy?
DeleteYou want him to tell u what PMB did to cause the present economic woes, u will have to wait endlessly.
No mind soludo, just because say they no give am appointment he come dey criticize the government.
ReplyDelete"Soludo noted that the All Progressives Congress (APC) government promised to restructure the country but has regretfully jettisoned the idea."
ReplyDeleteThis is not true. Buhari never promised restructuring the country. In fact, the first wave of criticisms he drew when he came into office was because he jettisoned the report of the 2014 National Conference. Note also that the 2014 National Conference did not discuss restructuring at all. The first draft Terms of Reference of that conference had restructuring on the agenda, but those opposed to restructuring made sure it was expunged. So, the truth is that no government has ever promised to restructure the country.
Now I know that u are a big fool for not understanding what restructuring is all about. It's all about fairness, equity and justice.
DeleteIt does not look like you read the previous post well before calling the writer "a big fool". What exactly did APC promise as regards restructuring? By the way, show some civility and don't call people names just because you are anonymous online. Inability to hold a civil conversation is a terrible vice and betrays poor upbringing.
DeleteAre sure buhari is still alive?...oh must apc lie about everything?
ReplyDelete