Onetime Governor, Central Bank of Nigeria, CBN, Prof. Charles Soludo, has said the collapse of global price of fuel was the only way Nigeria can get out of its current economic challenges.
He said oil had been a curse to the nation.
In his key note address at Delta State Economic and Investment Summit, on Saturday, the former CBN governor said, the country’s current economic recession was self inflicted due to over dependency on oil.
According to Soludo, “For too long, we have lived with borrowed robes, and I think for the next generation, for the 400 million Nigerians expected in this country by the year 2050, oil cannot be the way forward for the future.
“Oil, for most part of the country, has been a curse. I thank God that, at this particular point, we are moving forward. There is a saying that every disappointment is a blessing, and this is now an opportune time to discover the blessing and that is the hard work that should begin”.
The former CBN governor also explained that the economic downturn in the country was avoidable.
Bình luận