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Business & Finance

How to Solve Nigeria’s Current Economic Problems – Soludo

Charles Soludo
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Former Central Bank Governor, Charles Soludo, has offered solutions to Nigeria’s current economic problems.

According to him, Nigeria needs to move to a manufacturing economy.

He said the country needs to break the dynasties of poverty and maximize the comparative and competitive ‎advantages for the growth in Nigeria and states to be inclusive.

“Encouraging fiscal federalism in ways that allow states to have greater control of their resources, evolution of a master plan for mass export oriented industrialization that answers the economic questions and realities of today,” he said.

“APC developing over-arching vision of Nigeria without Oil and‎ there should be a coalition of economic policies that can deals with disparate socio-economic issues in a systematic and sustainable manner.

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“APC States must develop a peer review mechanism to track, measure and share knowledge and experience in order to achieve shared values that will distinguish APC states from non APC states.

“There is need for communication strategy that effectively communicates change in a forward looking and inspiring manner for the citizenry. This is important for building consensus for development, and‎ there should be a coordinating mechanism for developing the 2017 budget.”


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