President Muhammadu Buhari’s “administration only made Nigeria’s matters worse”, a former governor of the Central Bank of Nigeria (CBN), Prof Chukwuma Soludo, on Thursday in Enugu called for the restructuring of the country and one where it does not matter where the president comes from.
He also warned that Nigeria was drifting towards a failed state, noting that though President Muhammadu Buhari inherited a floundering economy, the “administration only made matters worse”.
He said the country was not just in a recession but had degenerated to economic compression, to the point where it has become “a fragile state with a failing economy”.
Soludo spoke as the former governor of Cross River State, Donald Duke, cautioned that except something happens urgently, the nation would slide to a pathetic state of “anything goes”, acknowledging that Nigeria is a big nation with great potential, the country now reasons like a small nation finding it difficult to earn the respect of the world.
He said for the nation to exit this embarrassing path, it must carefully plan its development, which he said would not occur by happenstance.
The two leaders spoke at a policy debate organised by the African Heritage Institution, Enugu, tagged the Big Ideas Podium with the theme: “Nigeria: A Prognosis of 2017.”