Professor Soludo who spoke in Kaduna at the Progressive Governors forum’s 4th progressive governance lecture series with the theme: “Building the economy of states: challenges of developing inclusively sustainable growth” said, “You can blame PDP; blame oil price; blame corruption: Nigerians elected APC to sort out their problems assuming that things will get better.”
He said for Nigeria to come out of its current challenge, there must be a coalition of economic policies that can deal with desperate socio-economic issues in a systematic and sustainable manner.
This is just as he said, the collapse in oil prices is a blessing for Nigeria to start a new beginning and that it is also a clarion call to press the restart button and begin afresh.
He said, the country at the moment is dealing with political, economic and social shocks, stressing that growth in Nigeria and states will not be inclusive if we don’t break the dynasties of poverty and maximise the comparative and competitive advantages.
According to him, no state can develop sustainably if the overall governance and economy are in crisis, stressing that Nigeria economy in terms of dollar has collapsed by about 50 per cent.
“Nigeria is facing unprecedented and tremendous political and economic challenges with global and local dynamics. Regardless of these challenges, opportunities and possibilities abound if we address some fundamental issues. The key to achieving this is to have a development plan that is anchored on realising inclusive and sustainable growth.’’ He said.
Inclusive and Sustainable growth cannot be achieved without conscious efforts to deconstruct the dynasties of poverty and maximise states and Nigeria’s comparative and competitive advantage.
Credit: Leadership
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