“The political elite must alter how it manages the economy,” warns renowned political economist Pat Utomi, “or the nation will perish.” Utomi bemoaned Nigeria’s record inflation and the depreciation of the naira against the dollar.
The elder statesman stated that the situation is no longer business as usual and that the national parliament must take aggressive measures to prevent the country from further collapse in an interview that aired on Arise TV on Monday.
His words: “If people don’t see our national values and commitments, rather than stealing our own, none of these will work. The political class has to get together and realise that their country is about to die.
“If Tinubu doesn’t recognize this, Nigeria will die. He doesn’t need a soothsayer. This is not business as usual.”
Speaking further, he insisted that the country must cut costs, as no one will ever take Nigeria seriously with our ‘behaviour.’
He said, “We must seriously cut costs across the board and remove the cost of the National Assembly.
“Then we must produce for export. We know many people are not producing anything because they abandoned the farms and are in the IDP. Even for those who make an effort to export, the customs people make it difficult for them to do so.
“If we are serious, this is a time to ensure that people produce and that they can get it to the airport on time for export.”
Source: Lagos City Reporters
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