- A professor of economics Akin Iwayemi says Nigeria must implement policies that encourage local private sector participation in agro-industrial value
- Another professor of economics Ademola Oyejide has called for the quick passage of the Petroleum Industrial Bill (PIB)
- Oyejide says government should stop blaming the past immediate administration for the current position of the country
A retired professor of economics Ademola Oyejide, on Wednesday, May 10, urged the President Muhammadu Buhari administration to stop the blame-game politics and focus on ways to revive the economy.
Oyejide made this known at a seminar on macroeconomics of recession in Nigeria which was organized by Distinguished Seminal Fellows (DSF) under the chairmanship of Professor Emeritus Akin Mabogunje.
Reports have it that the event was put together by eminent scholars who have retired and those who are still in the service in order to contribute their own quota based on experiences in their chosen fields.
Oyejide however noted that despite public outcry on failure of the government to put all hands on deck to fulfill its promises, it has continued to put the blame on the past regimes for its failure to fix the nation.
“This government lacks the capacity to act expeditiously. It is either they were not prepared or they lack the personnel. In 2015 when they were campaigning, the APC was only interested to be in power without proper and definite agenda or blueprint,” he said.
According to him, Nigeria needs to embrace unicameral legislature as one of the steps to ending economic recession.
He called on the civil society organizations to wake up from their slumber and champion the movement for the re-engineering of the country.
He said the increment of the National Assembly budget from N115b in the 2016 budget to N125b in the 2017 budget was a clear indication that Nigeria spends large percent of its budget in maintaining political office holders.
“The National Assembly has increased its budget from 120 billion in 2016 budget to 150 billion in 2017, this means Nigeria is spending much of its budget in the servicing political office holders. There is no need for two houses of the National Assembly, only House of Representatives is enough, the Senate should be abolished to cut the cost of governance.
“The civil society in Nigeria, what are they doing, the CSOs in Senegal championed the abolition of the senate, it was done by CSOs."
Another professor of economics Akin Iwayemi said: "Nigeria must Implement policies that encourage local private sector participation in agro-industrial value chain as part of the strategic intervention of the government and development partners to support sustainable industrial development.
“Promote transfer of skills and technology through the implementation of enabling education, labor and technology transfer policy strategies.”
NAIJ.com recalls that the Presidency said former President Goodluck Jonathan confessed to knowing those who allegedly looted money during his administration.
The former president became infamous for his “stealing is not corruption” statement which has been interpreted to mean he encouraged corruption during his administration.
Laretta Onochie, who is a media aide to President Muhammadu Buhari, in her response to Reno Omokri over his claim that non-Nigerians voted Jonathan out, said the former president was responsible for the woes Nigeria is going through.
Watch this NAIJ.com TV video in which a man said the President Muhammadu Buhari is the Commander-in-Chief of corruption: