Group Say, Nigeria Economy is under Threat

Date:

PIC.4. FROM LEFT: DIRECTOR, AFRICA NETWORK FOR ENVIRONMENT AND ECONOMIC JUSTICE, MR   DAVID UGOLOR, NATIONAL CONVENER, UNITED ACTION AID, MR JAYE GARKIA, MEMBER, SAVE NIGERIA  GROUP, MR DALAPO OSINOWO,  AT A NEWS CONFERENCE IN SURPORT OF NIGERIANS IN DIASPORA   CALL FOR THE RELEASE OF OIL SUBSIDY  OIL  PROBE REPORT IN ABUJA ON   SATURDAY (23/6/12).As Nigeria Executive Director of Africa Network for Environment and Economic Justice (ANEEJ), Reverend David Ugolor, has raised the alarm that Nigerian economy is under threat.

Thank you for reading this post, don't forget to subscribe!

Ugolor stated this yesterday in a live programme on Edo Broadcasting Service in Benin City to mark the nation’s 53 years of Independence from colonial rule.

According to Ugolor, the 36 states in the country are bankrupt obviously as the governors are complaining of inability to fulfill their obligations to their contractors.

“Nigerian economy is under threat. For example, all the states are bankrupt. They have even said that they are not able to fulfill their obligation to their contractors. That is an indication that there is bankruptcy.  But unfortunately, the economy literacy in Nigeria is zero. You hardly have people who understand how the economy should be.

“When the content of analysis in the country is not available for people to be able to discuss what the state of the economy is really is, the consequence is what we are all bearing today. And we will continue to have this problem”, said Ugolor.
Ugolor said Nigerians now run a shop economy as a result of unemployment  which he said it’s as a result of the  act in which the people elect any how person or people with no managerial experience to become governors, local government chairpersons in the country.

“Today we are celebrating 53 years old. I think one of the reflections of the 53 years is that where have we come from and where are we going. And the economy situation today would continue if we don’t reverse the situation.

“Today we now run a shop economy. I was driving right away from Calabar, Port Harcourt down to Benin, if you look the way the economy is growing now, people are now turning their houses to shops because there is no employment.

“You were talking about unemployment, the reason why all these are happening is that; those industries that usually provide opportunities for people to have employment have gone. Why would it not go when you elect a man to be a governor and this man governor has never managed anything in his life, all he lives on is rental system!

“You elect a man as a chairman of a local government and he has never manage any business in his life and you suddenly made him to have access to billions and any time he shares this money and when he shares this money he doesn’t know how to turn one naira to two naira and that is what we have had in the country”, he said.

He said political office holders run the nation economy nowadays by simply sharing the money to create peace. He stated that, such is not the way to bring about peace in the country, adding that such peace is limited.

“And you see, the political economy business today in the country is how to share money to create peace. And you don’t create peace like that because the peace is limited”, said the ANEEJ boss.

Speaking further, Ugolor said there were evidences that God had cursed the families of public office holders who steal and preserve the nation wealth for their children.

“You know, what God has done is that; look around today, it is poor men children that are governors. These men that have stolen money that they don’t deserve, what happened?  Their children are drug addicts. Look across the country today. Look at children of governors. You will be embarrassed.

“If you go GRA in Benin now, poor men children have bought all the choice land. That is the reality. If you steal public money to preserve for your children, God will curse those families.

It is a natural thing. That is why we see all those previous politicians who stole money that they don’t deserve, the consequence fall on their children.

“The boomerang is that, the political elites in this country today are not safe. Less than one percent controls the whole resources of the country.

“The billions that are coming from the oil crude are going to the less than one percent. The 99 percent would certainly survive. If you live in a house and the dustbin in the house; you don’t make it available for the rats, the rats would go after you the human beings and that’s what we are seeing manifesting in kidnapping, armed robbery and all kind of things you have never heard in your life. And the reason obviously is that people must survive”, said Ugolor.

He said the 53 years independence celebration should be a day of reflection most especially as an opportunity for corrupt public office holders to seek the face of God Almighty for forgiveness.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Share post:

Subscribe

Popular

More like this
Related

Jose Mourinho Emerges as Frontrunner for Chelsea Managerial Role

  Jose Mourinho, the renowned football manager, has become the...

Burna Boy Ventures into Filmmaking as Executive Producer of ‘3 Cold Dishes’

Grammy Award-winning artist, Damini Ogulu, popularly known as Burna...

NNPC Ltd and Schlumberger (SLB) Forge Alliance to Enhance Upstream Operations

NNPC Energy Services Limited (EnServ) and Schlumberger (SLB) have...

Google Unveils Umoja Submarine Cable Connecting Africa and Australia

  Google is constructing a new submarine cable, Umoja, to...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading