Nigeria’s Economy Has Taken A Nose Dive – Former World Bank VP Ezekwesili

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Oby Ezekwesili, the former minister of education, has compared Nigeria’s current economic situation to that of 1982 during the regime of ex-president, Shehu Shagari.

Daily Independent reports that Ezekwesili made the statement while presenting a public lecture at the annual public service celebration, which took place at Adeyemi Bero Auditorium in Ikeja, Lagos.

In her speech the former minister stressed that the situation surrounding the economic, social and political sectors is precarious. She also admitted that managing such situations would be really difficult for the government.

Ezekwesili recalled 1981 and 1982 years when Nigeria witnessed the same economic relapse as it is witnessing now. However, she expressed hope that the country would not suffer such situations again.

“We have found ourselves in a situation where every sector is in a precarious situation. We are operating on uncertainty and it is most difficult.

“Our economy has taken a nose dive, and I ask how it is possible for Nigeria to find itself in this embarrassing situation. We are faced with similar economic conditions like that between 1981 and 1982 during the regime of former president Shehu Shagari.

“Nigerians must study history because people who do not study history risk repeating all the mistakes made in the past,” she stressed.

A week ago the former minister stated that she was poorer while serving in government. In a series of tweets Ezekwesili urged Nigerians to change their mindset of seeing government portfolio as an avenue to make money.

Meanwhile, President Muhammadu Buhari yesterday held a meeting with Nigeria’s governors. He promised  to return the funds stolen under Goodluck Jonathan’s administration, and “put the system back into the right position”.

(Hattip to Naij, Daily Independent)

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