Former
Central Back Governor, Chukwuma Charles-Soludo says the wrong policy
application of the All Progressive Congress led government was responsible to
the shuck response to decline in globe oil prices which later plunged the
nation to 30 year abandoned economic development plans..
He
expressed hope that Nigeria would soon be out of recession with the new nation
economic policy regime where more money
is now pump into the system, urge government not to adopt the idea of price
fixing when the nation demand and supply are majorly import driven.
Correspondent
Bamidele Ajayi was at this year Nnamdi Azikiwe University Awka, economic recovery symposium,
and filed this report as produced from our studios.
Professor
Charles Soludo described the action as a resurrection of intellectual wing,
thought have been defeated in the structural adjusted programme, felt their
time to change the already established economic model, base on faulted economic
model with chuck response to decline in oil price change regime in the global market..
He
proposed some economic recovery plans, build on holistic restructuring of the
nation economic, and advocate for a post oil era economic plans that will
sustain the nation economic away from oil dependency as major source of
revenue.
He
suggests the nation bright sports are germane of getting out of recession, but
charged the nation academic institutions
to draw a sustainable eco-development model built of post oil regime that
Nigeria would adopt to remain afoot as other developed nations of the world.
He
summarize the lecture with the adoption of some models proposed by the APC led
government earlier as command and control policy regime, structured in infantile Nationalism which is a faulty model
of response to decline in oil prices, premised
on pseudo socialist economic model which
returned Nigeria economic to 30 years
development model that has failed..
Soludo
conversed for some bright spots further that would get the country out of
recession by engaging the leaders to
shun faulty model of response to an oil price change been a mono cultural
economy, proposed a post oil sustainable post oil regime plans that would
encourage local development plan in area of technology and industrial growths
to boost expose with little ratio on importation to the nation’s advantage.
END
