- The national leader of the All Progressives Congress, Bola Tinubu, has reacted to the design of the Nigerian economy
- The APC presidential aspirant lamented the economic woes of the country is the fault of every Nigerian
- Moving forward, the former Lagos governor pointed out that after many years, yet greatness remains elusive
The national leader of the ruling All Progressive Congress (APC) and presidential aspirant, Asiwaju Bola Ahmed Tinubu, has said that Nigeria remains locked in place, noting that its economy is unjustly designed to export raw materials and import increasingly expensive finished products.
He disclosed that even though the mainstay of Nigeria’s raw materials might have changed from cocoa and groundnuts to oil and gas; the dire effects of the uneven economic arrangement remained the same, Daily Trust reports.
Tinubu spoke while delivering the 25th convocation lecture at the Lagos State University (LASU), on Thursday, March 24.
The former Lagos state governor, who was represented at the event by the Deputy Governor of Lagos State, Dr. Obafemi Hamzat, pointed out that oil and gas provided over 90 percent of foreign exchange and 80 percent of governmental revenues.
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He emphasized that ever-dwindling revenues from natural resource exports are no longer sufficient to fund the rising costs of manufactured imports let alone support the expansive fiscal obligations of modern democratic governance.
He, therefore, stated that while the nation struggled through the economic mud, the world rapidly changed amid expansion in the digital economy and virtual world.
He urged the young graduates to find their place in the world of cryptocurrencies and metastases but that they should not yield to the erroneous mindset that the virtual world is the dominant one.
Five political parties ready to give Tinubu automatic ticket to run for presidency
Meanwhile, Legit.ng had previously reported that the drumbeats for Tinubu's presidential ambition were getting louder across Nigeria, especially in the northern region.
It was reported that not less than 200 groups from the north central are fully behind Tinubu's aspiration to become the next president of Nigeria in 2023.
The groups noted that at least five political parties are ready to join forces and give the former Lagos governor an automatic ticket if the All Progressives Congress (APC) fails to choose him as its flagbearer.
Legit.ng weekly price check: Lagos trader gives 1 major reason he won't vote Atiku, Tinubu
Whilst Nigerians at home and abroad are looking forward to electing a new leader in 2023, traders in the market are seeking a figure that would change the leadership style of the country.
In a chat with Legit.ng, a trader who sells foodstuff items at the market told our correspondent that the leadership system of Nigeria is like a cycle, it’s static and nothing has changed so far.
According to him, the political parties in Nigeria keep bringing the same people over and over again, with the same mandates and at the end of the day, they assume office and effect nothing positively.