Newsexpress place banner advert Yudala Triple Jara Offer
Buhari’s regime has worsened Nigeria’s problems: Soludo

By News Express on 11/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 324

•Ex-CBN Governor, Prof. Chukwuma Soludo.
•Ex-CBN Governor, Prof. Chukwuma Soludo.

For the umpteenth time, former Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma Soludo, took a swipe at the Muhammadu Buhari administration over its management of the economy.

He said the present government inherited a wobbling economy but “it is also depleting the foreign reserve it met”.

According to him, Nigeria is in dire need of help to wriggle out of its economic turmoil.

Soludo spoke at the Vanguard Economic Discourse tagged, “The hard facts to rescue the Nigerian Economy” held in Lagos.

The ex-CBN helmsman who was the keynote speaker at the event attended by key players in the nation’s economic sector said Nigerians continue to bear the brunt of the country’s economic instability.

He said: “The unique thing about the topic of the event is that Nigeria is in dire need of help. But I wished that the topic is centred around the new economic plan. There is no doubt that the present government inherited a depleting economy but it is also depleting the foreign reserve it met.

“If it had even grown it by 50 percent, it would have been a different story by now. Workers have suffered the most in the present government being owed arrears which reduces their nominal life, more so as inflation has hit the roof.” 

Soludo stressed that Nigeria must strive to remove the uncertainty in the exchange rate regime, pointing out that any serious post-oil economy would entrench a decisive exchange rate regime. 

“There is no doubt that government means well, as the saying goes, the road to hell is always filled with good intentions. We have wasted too much time to reinvent the wheel and Nigerians are paying for it. What Nigeria needs now is statesmanship politics,” he added.

Speaking along the same line, a former deputy governor of the apex bank, Dr. Obadiah Mailafia, tagged the government’s economic blueprint a fire brigade to get the country out of recession.

He suggested that the solution lies in industrialisation, saying, “I dare say that we must industrialise or perish”.

Minister for Solid Minerals Development, Dr Kayode Fayemi insisted the government needs oil money to diversify, saying it cannot perform magic.

“Diversification is not tantamount to ignoring oil and gas. It also means making good use of the revenues of the oil and gas. There is no doubt that the government is underperforming but we can also see that our tax system is one of the very lowest”, he said.

•Adapted from a Daily Trust report.

Source News Express

Posted 10/03/2017 5:31:09 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Kidnapped council chairman Bamigbetan back on Facebook 3...

Insurgency: Collaboration among African states key to success,says...

2015: Tony Obuh eminently qualified to succeed Uduaghan,...

Experts identify ways to win war against malaria...

Military dismisses reports about Boko Haram comeback •Alerts...

Akpabio to Nigerians: Strengthen spirit of nationalism

Ooni of Ife marries new wife

No plan to increase fuel price, says NNPC...

Boko Haram: FG rallies support for victorious troops...

No mercy for Ombatse killer cult —Gov. Al-Makura;...

Senate probes Customs over N4 trillion revenue loss...

Imo lawmakers abandon Assembly complex over fear of...

 

Latest News Niger Delta militants threaten to resume bombings over unfulfilled promises Fraud Probe: Emir of Kano faces possible suspension 2019: Kalu, Anyim mobilise to sack Ikpeazu •Wabara dumps PDP for APC 7 die in Borno suicide bombing incidents Adeleke’s Burial: Angry youths attack Governor’s aide, bar govt. officials Chief of Staff, DSS boss have not resigned: Presidency Traditional rulers collaborating with criminals to unleash terror on Ikorodu residents, says Lagos Police Commissioner Fayose curses his political enemies Army, DSS nab 2 suspected thugs; recover ammunition UTME: Coalition backs Oloyede, says ASUU is insincere Dickson to speak in Oil & Gas Conference in U.S. Abuja indigenes protest to Buhari over exclusion from FCT-IRS board

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (240,607 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (218,133 views) Shameless Genevieve Nnaji exposes breasts in public (181,014 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (163,573 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (154,645 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (135,688 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (118,659 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (116,796 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (104,569 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (101,459 views) Lagos plane crash: Journalist releases victims’ names (99,899 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (94,357 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,525) Business Verdict (15) Columnists (668) Complaints & Requests (86) Enterprise & Opportunities (146) Entertainment (307) Features (428) Global Business Monitor (146) International (1,350) Interviews (119) Live Commentary (28) Love Matters (51) News (23,645) Opinion (679) Pidgin (8) Politics (3,666) Religion (519) Sports (1,253) Stock Watch (18) AMA & Al Jazeera Global Update

 

 

CBN Advert

 

Certificate Controversy: Dino Melaye celebrates as Vice Chancellor confirms he graduated...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!