155 Views

President Buhari Lacks Capacity To Act Expeditiously – Emeritus Professor

The blame game politics, devaluation of naira without considering its negative effects on the economy and the lives of Nigerians, concentration in the fight against corruption with little effort to revive the economy and policies that will have positive impact on Nigerians are signs that President Muhammadu Buhari ‘lacks the capacity to act expeditiously’, an emeritus Professor of Economics, Ademola Oyejide has said.

Oyejide who retired from the University of Ibadan, made this known on Wednesday in Ibadan while delivering a paper titled, “Overview of Nigeria’s recession” at a ‘Seminal on Macroeconomics of Recession in Nigeria’ organized by Distinguished Seminal Fellows (DSF) under the chairmanship of Emeritus Professor Akin Mabogunje.

The event according to Mabogunje was organized by eminent scholars who have retired and those who are still in the service to contribute their own quota based on their experiences in their chosen fields.

Mabogunje, however, urged the present administration to stop the blame game politics and focus on ways to revive the economy.

Oyejide while speaking insisted that despite the public outcry on the failure of the government to put all hands on deck to fulfill its promises, it has continued to put the blame on the past regimes for its failure to fix the nation.

“This government lacks the capacity to act expeditiously. It is either they were not prepared or they lack the personnel. In 2015 when they were campaigning, the APC was only interested to be in power without proper and definite agenda or blueprint,” he said.

The don while highlighting some of the steps to be taken to come out of the present recession informed that it will be better if Nigeria embrace the unicameral legislature with the abolition of bicameral legislature, calling the civil society organizations to wake up from their slumber and champion the movement for the re-engineering of the country.

Oyejide said the clamour for the abolition for the Senate in Senegal was moved by the CSOs and can also be done in Nigeria in order to reduce the cost of governance among others.

ALSO READ  Oh My!! See The Whopping Amount Buhari And Osinbajo Are To Spent On Foreign Trips In 2017

He said the increment of the National Assembly budget from N120b in 2016 budget to N150b in the 2017 budget was a clear indication that Nigeria spends large percent of its budget in maintaining political office holders.

“The National Assembly has increased its budget from 120 billion in 2016 budget to 150 billion in 2017, this means Nigeria is spending much of its budget in the servicing political office holders. There is no need for two houses of the National Assembly, only House of Representatives is enough, the Senate should be abolished to cut the cost of governance.

“The civil society in Nigeria, what are they doing, the CSOs in Senegal championed the abolition of the senate, it was done by CSOs.

Oyejide, however, called for the quick passage of the Petroleum Industrial Bill (PIB) which has been in the National Assembly over some years, the bill he said will put an end to the acute age-long corruption in the petroleum sector.

Another professor of Economics, Akin Iwayemi in his paper “The Nigerian Recession and the Challenges if Industrialization” said for industrialization target to be meet, there is a need for industry technology and energy registry and database.

He said towards industrialization take off, there must be “develop of an industry technology and energy registry and database that track key technology players and technology development in the industry.

“Identify foreign partners with the technical and financial know-how to ensure collaboration and technology acquisition through strategic partnership and collaboration with local entrepreneurs and investors especially in agro-industrial and mineral value chains.

“Implement policies that encourage local private sector participation in agro-industrial value chain as part if the strategic intervention of the government and development partners to support sustainable industrial development.

 

“Promote transfer of skills and technology through the implementation of enabling education, labor and technology transfer policy strategies”.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Read Prophet Olagoroye Faleyimu’s Prophesies On Funke Akindele: ‘Marry A Gateman To Have Child’
Best of Nigeria
7 views
Best of Nigeria
7 views

Read Prophet Olagoroye Faleyimu’s Prophesies On Funke Akindele: ‘Marry A Gateman To Have Child’

MT - April 19, 2018

Popular Lagos-based prophet Olagoroye Faleyimu in a recent chat with Yoruba Movie Magazine has once again urged Funke Akindele to go for prayers if she ever wants…

Jayne Senior: Child Abuse Informer Invited To Nigeria
World Buzz
20 views
World Buzz
20 views

Jayne Senior: Child Abuse Informer Invited To Nigeria

PH - April 19, 2018

Rotherham child abuse whistleblower Jayne Senior is to lead a delegation to Nigeria offering advice on how to tackle child sexual exploitation (CSE). She will travel to…

5 Quotes that Show President Buhari is Bad at Diplomacy
Best of Nigeria
23 views
Best of Nigeria
23 views

5 Quotes that Show President Buhari is Bad at Diplomacy

MT - April 19, 2018

Nigeria’s President Muhammadu Buhari has again courted controversy with his statements at the ongoing Commonwealth Heads of Government Meeting in the United Kingdom. A recent comment belittling Nigeria’s young people has…

In Photos: Nigerian Commonwealth Games Athletes All Smiles As They Arrive From Australia
Best of Nigeria
26 views
Best of Nigeria
26 views

In Photos: Nigerian Commonwealth Games Athletes All Smiles As They Arrive From Australia

MT - April 19, 2018

Excitedly, team Nigeria arrived earlier today by 3:10pm via Emirate Airline from the just concluded 21st Commonwealth games which took place Gold Coast, Australia. While briefing newsmen,…

How Stolen Mace Was Recovered By Police After National Assembly Invasion
Best of Nigeria
26 views
Best of Nigeria
26 views

How Stolen Mace Was Recovered By Police After National Assembly Invasion

MT - April 19, 2018

The Nigerian police have announced the recovery of the senate’s stolen mace at a flyover before the Abuja city gate.Aremu Adeniran, deputy force public relations officer force…

‘A Nigerian Dies of Stroke Every 2 Minutes’ – Meet Nigeria’s First Female Neurologist
Best of Nigeria
30 views
Best of Nigeria
30 views

‘A Nigerian Dies of Stroke Every 2 Minutes’ – Meet Nigeria’s First Female Neurologist

MT - April 19, 2018

Nigeria’s first female Neurologist and first female Professor of Neurology, Njideka Okubadejo, has raised the alarm about the prevalence of neurological disorders in Nigerian, revealing that every…

Adekunle Gold’s Sweet Birthday Message To Simi Has Got People Talking
Entertainment
29 views
Entertainment
29 views

Adekunle Gold’s Sweet Birthday Message To Simi Has Got People Talking

PH - April 19, 2018

Today is singer Simi’s birthday and Adekunle Gold’s message to her has got us all mushy. The duo have been rumoured to be dating and this may…

Watch Video of President Buhari Speaking about Nigerian Youths, Security and Economic Situation
Politics
33 views
Politics
33 views

Watch Video of President Buhari Speaking about Nigerian Youths, Security and Economic Situation

PH - April 19, 2018

President Muhammadu Buhari, while speaking at the Commonwealth Business Forum on Wednesday, said the Nigerian youth wants to sit and do nothing. His comments have so far…

Read Fayose’s Reaction to President Buhari’ Comment About ‘Nigerian Youths Don’t Like to Work’
Politics
31 views
Politics
31 views

Read Fayose’s Reaction to President Buhari’ Comment About ‘Nigerian Youths Don’t Like to Work’

MT - April 19, 2018

Ekiti state governor, Ayo Fayose, has reacted to the statement made by President Buhari that many Nigerian youths just want to sit down and do nothing, believing…

Meet Aisha Bakari Gombi, Boko Haram Huntress And Nightmare [Photos]
Best of Nigeria
38 views
Best of Nigeria
38 views

Meet Aisha Bakari Gombi, Boko Haram Huntress And Nightmare [Photos]

MT - April 19, 2018

Aisha Bakari Gombi who reached real-life superhero status for her battlefield bravery in her fight against Boko Haram. Since the dawn of humanity, hunters have roamed the…

Nigerian Singer, Wande Coal, Releases Statement On Alleged Child Abduction
Entertainment
39 views
Entertainment
39 views

Nigerian Singer, Wande Coal, Releases Statement On Alleged Child Abduction

PH - April 19, 2018

Singer Wande Coal had earlier this week been involved in some drama. A woman named Temitope came forward to say their son of 10 years was abducted…

LISTEN: MC Galaxy Releases “BBNaija Version” Of Song “Fine Girl”
Entertainment
37 views
Entertainment
37 views

LISTEN: MC Galaxy Releases “BBNaija Version” Of Song “Fine Girl”

PH - April 19, 2018

Just earlier in the month MC Galaxy released a song celebrating beautiful women, titled “Fine Girl.” He today announced a BBNaija version of the song, celebrating all…

Nigeria To Grow By 2.1% This Year – IMF
Business
38 views
Business
38 views

Nigeria To Grow By 2.1% This Year – IMF

PH - April 19, 2018

The International Monetary Fund says Nigeria, the sub-Saharan Africa’s most-populous nation and top crude producer, will grow by 2.1 per cent this year, matching the lender’s estimate…

Bodex Media Awards Governor Aregbesola as the Most Outstanding/Creative Governor of the Year 2018
Best of Nigeria
43 views
Best of Nigeria
43 views

Bodex Media Awards Governor Aregbesola as the Most Outstanding/Creative Governor of the Year 2018

PH - April 19, 2018

The Governor of Osun state, Ogbeni Rauf Aregbesola has been honoured with an award of the most outstanding and creative Governor of the Year, 2018. The Award…

‘I Was Molested At 17 By A Big Man In Media’ – Chimamanda Adichie
Nigerian Women
53 views
Nigerian Women
53 views

‘I Was Molested At 17 By A Big Man In Media’ – Chimamanda Adichie

PH - April 19, 2018

Celebrated Nigerian author, Chimamanda Adichie, who spoke at the Stockholm Forum for Gender Equality, revealed that she was molested at the age of 17. Chimamanda Adichie told…

I Communicate More With God When I’m in the Bathroom – Actress, Funke Adesiyan
Entertainment
73 views
Entertainment
73 views

I Communicate More With God When I’m in the Bathroom – Actress, Funke Adesiyan

MT - April 18, 2018

Funke Adesiyan, has not stopped making headlines each week with some of the controversial things she says or involved in a fight with a fan, but she…

Photos And Video Of Senator Ovie Omo-Agege Being Arrested By The Police For Snatching Mace (Video)
Politics
71 views
Politics
71 views

Photos And Video Of Senator Ovie Omo-Agege Being Arrested By The Police For Snatching Mace (Video)

MT - April 18, 2018

The senator representing Delta Central in the Senate, Ovie Omo-Agege was today arrested by the police after he allegedly led thugs to steal the mace at the…

Flashback to 2000: How Policemen Invaded Okadigbo’s Residence to Retrieve Senate’s Mace
Art, History and Culture
77 views
Art, History and Culture
77 views

Flashback to 2000: How Policemen Invaded Okadigbo’s Residence to Retrieve Senate’s Mace

MT - April 18, 2018

There is nothing new under the sun. On Wednesday, Ovie Omo-Agege, a senator from Delta state, led some unidentified persons into the upper legislative chamber of the…

Loading...