Nigeria's economy is not booming under Buhari's administration - Oby Ezekwesili

Nigeria's economy is not booming under Buhari's administration - Oby Ezekwesili

- Oby Ezekwesili has claimed that Nigerians have become poorer in the last four years

- Ezekwesili claims the country's economy is a disaster under President Buhari's administration

- According to the former minister, it is critical for the government to get its economic policy right

A former presidential candidate of the Allied Congress Party of Nigeria in the 2019 elections, Oby Ezekwesili, said Nigeria’s economy is not booming under President Muhammadu Buhari's administration.

Channels TV reports that Ezekwesili, who is a former vice president of the World Bank, also claimed that Nigerians have become poorer in the last four years.

“The economy is a complete disaster. What has happened since this government came into office has been a decline.

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“First, we went into recession and went into -1. 8% GDP growth. Then we came out of it at 0.8% growth, then we climbed into 2.38 (and) now we are at 2.01.

"So, what it means is that as these lower levels of GDP growth rate are going on and our population (growth) rates are steady at above 2% – almost 3%, we actually are getting poorer.”

According to her, the unemployment rate is high and this has been a source of complaint and criticism of the government.

A situation were millions of Nigerian have no jobs is a red flag for Ezekwesili, who explained that if the country was public quoted company, it would have been put up for rescue operations.

“We are in serious trouble. If we were to be a publicly quoted company, we would have been put up for a special team to undertake a rescue operation on us.

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“Do you understand what it means for us to have near 25 percent unemployment rate in the country; for more than 40 percent of our young people to be unemployed?”

According to her, it is critical for the government to get its economic policy right and if she is the president that will be a priority.

“Economic policy has to signal immediately to the market that we will be a government that enables and support the private sector to do what it must do, while we will invest in the most important area of human development, health and education because we need a productive citizenry," she added.

Legit.ng reported that Ezekwesili on Tuesday, December 18, said good governance was possible in Nigeria if youths would be the agents of change.

Ezekwesili, a guest at the 2018 TFAA in Lagos, told youths should stand up to be counted among those that would change the country.

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Source: Legit.ng

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