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Restructuring Will Boost Nigeria’s Economy, End Insecurity – Peter Obi

Published

3 years ago

May 26, 2021

Former Governor of Anambra State, Peter Obi has opined that restructuring the country will skyrocket Nigeria’s economy and put a stop to insecurity.
Obi addressed the audience at the fourth Adada Public Lecture organised by the Association of Nsukka Professors (ANP) at the University of Nigeria, Nsukka (UNN) where he said that restructuring the country will bring out the comparative advantage of every state, and the natural resources that are lying waste will be fully harnessed to boost the state economy.”.

In his words: “It’s unfortunate that some governors believe in going to Abuja monthly to get federal allocation from proceeds of oil. They’ve forgotten the price of oil in the international market has depreciated and will continue to depreciate.

“No developed country in the world depends on crude oil, but they invest in their children, agriculture and encourage small and medium enterprises by giving out soft loans and other incentives.

“There’s an urgent need to restructure the country for the economy to grow to the desired level. Rather, it should be seen as a move to build the ailing economy and restore adequate security in the country. Restructuring the country will bring out the comparative advantage of every state, and our natural resources that are lying waste will be fully harnessed to boost the state economy.”