Wednesday, February 8, 2023

Failure To Restructure The Country Soon Will Lead To Collapse Of The Economy – Peter Obi

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Former Governor of Anambra State, Mr. Peter Obi, has called for the restructuring of the country, adding that failure to do it now might lead to the collapse of the economy. Peter Obi

Obi said this while delivering the 4th Adada Lecture titled “Restructuring, security challenges and development,” organized by the Association of Nsukka Professors (ANP), held at the University of Nigeria, Nsukka (UNN) on Tuesday, May 25.
READ ALSO: Nigeria Is Fast Becoming A Failed State – Peter Obi

“It is unfortunate that some people believe in going to Abuja monthly to get federal allocation from proceeds of oil, but such people have forgotten that the price of oil in the international market has depreciated and will continue to depreciate.
Even developed countries do not depend on oil alone, rather they are focused on production, human investment and encouragement of small and medium scale business.
Recent happenings in the country has shown that there is urgent need to restructure the country, failure to do it soonest may lead to total collapse of the economy,” he said.

READ ALSO: Spending $1.5bn On The Port Harcourt Refinery Is A Huge Waste – Peter Obi

According to him, a restructured Nigeria will bring out the cooperative advantage of every zone and state, and many dormant natural resources would be fully harnessed and explored.

Also Read:  Third Mainland Bridge Is Not Shaking, It’s Safe For Use - FG Dismisses Safety Rumour

Nigeria Is Fast Becoming A Failed State - Peter ObiPhoto Credit: Getty

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