The immediate past governor of Imo state,
Ikedi Ohakim, has said that the nation’s
economy was already crippled before the
administration of President Muhammadu
Buhari, Vanguard reports.
He disclosed this while delivering a 52-page
lecture titled: “Leadership in times of
adversity. Navigating Nigeria’s turbulent
economy”, at the 2016 Diocesan Synod of
Ikeduru Anglican Diocese.
“There is no doubt that before the Muhammadu Buhari administration, Nigeria’s economy had been diagnosed HIV positive, but it was being professionally managed with anti-retroviral drugs,” he said.
However, Nigeria’s economic woes seem to
be far from over following the disclosure by
the governor of the Central Bank of Nigeria
(CBN), Godwin Emefiele that the economy
was gloomy.
Emefiele who made the disclosure on
Tuesday, July 19, during a closed-door
meeting with senators said it was frightening that the nation was experiencing economic stagnation and inflation at the same time.
According to Vanguard, the governor said
economic stagnation and inflation were
ordinarily not supposed to happen
simultaneously.
A source who attended the close door
session with the CBN governor expressed
concern that the economy was gloomy,
stagnant and worsening as a result.
The source, citing Emefiele said the
economy was biting on all, with almost all
activities crippled, adding that indices that
would have made the economy grow were
not in place at the moment.
Meanwhile, the finance minister, Kemi
Adeosun recently said Nigeria has an
incredibly bright future as long as the
country remains disciplined.
Adeosun disclosed this on the floor of the
Nigerian Senate while briefing the lawmakers
on the state of the economy.
However, the federal government is looking
at ways to save the dying economy,
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