Soludo tasks APC government on strategic political-economic agenda for Nigeria

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Monday, August 29th, 2016  4.00pm/@webtvng

The former  Central Bank of Nigeria  Governor Professor Charles Soludo, has tasked the All Progressive Congress government to come clean with Nigerians and communicate accurately its political-economic agenda.

Prof Charles Soludo was the guest lecturer at the 2016, All Progressive Congress Governors retreat in Kaduna ,  speaking on the topic “Building the Economy of Nigerian states through inclusive and sustainable growth”.

Professor Soludo used the occasion to stress that despite all the odds and challenges that Nigeria is passing through today. He still sees hope and greatness, for the nation  in the future.

He believed that the collapse in oil prices, was  a blessing and an opportunity  for  the country to start afresh. He said that Nigeria is dealing with twin shots not just oil price shock, but also a political shock.

The economist asserted  that growth in Nigeria and the states will not be inclusive if the dynasties of poverty  are not broken. Soludo emphasized the need for  states to maximize their comparative and competitive advantage.

According to him “Most of the APC States happen to be in the North, one fundamentals of our economy is partial and individual concentration of wealth and poverty, 11 of the states in the North are in deep poverty”.

Giving further insight on the situation in the North, the scholar also deduced that the region had  the states with the highest population growth, but  productivity level of agriculture in those states was  down by 20%”.

On the economic recession hitting Nigeria,  Soludo  said it was structurally, supply side and policy induced ”.

In terms of political leadership, the former IMF expert  challenged the  APC  to “move from a coalition to grab power, to a governing team”.

Addressing the economic realities before Nigeria,  he admitted that this will  be the first time the country will have to structurally transform, without external anchors in terms of conditionalities like IMF, World Bank .

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