The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has said that; “Nigeria’s economy has hit a wall and is now in a ‘merciless condition”. He also added that “it was unfortunate that Nigeria wasted the opportunity of diversifying its economy when oil prices were at an all-time high”.
Adding that “Nigeria had been dancing on the edge of economic disaster for several years and failed to invest properly despite the warning signs”.
His statement read: “For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst. We have survived but not thrived. Improvised but not planned. Spent but not invested. Laughed, drank and feasted but did not build, construct or maintain. Now, Nigeria has collided into a wall, merciless and immovable. The present downturn in oil prices may be more than just a transient slump in the business cycle.”
“Tinubu seeks a new economic paradigm. Nigeria needs economic liberation. Before we can free our economy, we must free ourselves of the economic myths consigning us to our current predicament. To achieve this objective, we must return to the ideals and concepts of Dr. Bala Usman.”
Bola Tinubu is set to deliver the keynote address at a lecture to mark the 10th anniversary of the death of renowned historian and activist, Dr. Yusufu Usman, at the Arewa House, Kaduna, on Friday (today).
Senator Bola Tinubu would explore key elements of the APC’s change agenda in relation to the liberation theory of the late Usman and within the context of the present political and economic challenges facing Nigeria.
In the keynote speech, Bola Tinubu is expected to offer a lucid economic analysis of what confronts Nigeria and suggest innovative ways to move the political economy forward.
The statement further read; “He (Tinubu) will offer fresh thinking on the way forward. The welfare of the people must be the anchor of public policy as this is in consonance with all that Bala Usman taught and practised.”
The Emir of Kano, Emir Muhammadu Sanusi II; Governor of Kaduna State, Nasir el-Rufai, and a large number of northern intellectuals are expected to attend the lecture.
Omolara Adegoke- Abuja
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