The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, says Nigeria’s economy has hit a wall and is now in a ‘merciless condition.’ The former governor of Lagos State said this in a statement by his media office on Thursday. This is just as Tinubu is set to deliver the keynote address at a lecture to mark the 10th anniversary of the death of renowned historian and activist, Dr. Yusufu Usman, at the Arewa House, Kaduna, on Friday (today). The APC leader said that it was unfortunate that Nigeria wasted the opportunity of diversifying its economy when oil prices were at an all-time high. Tinubu said Nigeria had been dancing on the edge of economic disaster for several years and failed to invest properly despite the warning signs. The APC leader stated this just as the naira fell to its lowest level in Nigerian history on the parallel market, trading for N280 against the dollar on Thursday. He said now that oil prices have plummeted, the economy has got worse. Tinubu added that there was no guarantee that oil prices would rise in the near future. He, therefore, called for a new way of thinking. He said, “For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst. We have survived but not thrived. Improvised but not planned. Spent but not invested. Laughed, drank and feasted but did not build, construct or maintain. Now, Nigeria has collided into a wall, merciless and immovable. The present downturn in oil prices may be more than just a transient slump in the business cycle.” The statement added, “Tinubu seeks a new economic paradigm. Nigeria needs economic liberation. Before we can free our economy, we must free ourselves of the economic myths consigning us to our current predicament. To achieve this objective, we must return to the ideals and concepts of Dr. Bala Usman.” At the Friday event, Tinubu would explore key elements of the APC’s change agenda in relation to the liberation theory of the late Usman and within the context of the present political and economic challenges facing Nigeria. In the keynote speech, Tinubu is expected to offer a lucid economic analysis of what confronts Nigeria and suggest innovative ways to move the political economy forward. The statement added, “He (Tinubu) will offer fresh thinking on the way forward. The welfare of the people must be the anchor of public policy as this is in consonance with all that Bala Usman taught and practised.” The Emir of Kano, Emir Muhammadu Sanusi II; Governor of Kaduna State, Nasir el-Rufai, and a large number of northern intellectuals are expected to also attend the lecture. http://www.punchng.com/nigerias-economy-in-a-merciless-condition-tinubu/

Blame Bubu.

Look whose talking.....

Blame Dasuki the cheerful giver and his boss.

All we need now is a reliable solution and not just talks. I believe most Nigerians are already aware of the quagmire we are in(to), but please we want a way out. Thank you, Mr. Tinubu.

politricks:
Blame Dasuki the cheerful giver and his boss.

blame all of them including Tinubu himself!

Buhari is still campaigning. I will do this, I will do that.

He is the national leader of the ruling party. Let him sit with the president and do something about the deplorable state of our economy instead telling us what we already know.

Hmmmmm.... End time economy state

Absolute truth.

Godfullsam:
He is the national leader of the ruling party. Let him sit with the president and do something about the deplorable state of our economy instead telling us what we already know.

There is no quick fix

“For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst. We have survived but not thrived. Improvised but not planned. Spent but not invested. Laughed, drank and feasted but did not build, construct or maintain.Now, Nigeria has collided into a wall, merciless and immovable.'' as quoted by Tinubu.

Past governments did terrible job when they held sway. It is incumbent on Buhari to salvage the situation. Nigerians didn't vote APC to wail or whine.

Wu is he complainin 2....

Nigerians wanted change and they have gotten it. Goodluck Nigerians

Tinubu shut up


Tell Buhari to embrace True Federalism which will greatly catalyze the diversification of our economy

The economy hardship coming to Nigeria is like a catastrophe.... This million dollar question is. How prepared are you?

Greece will be like a joke.

persin no fit xpress himself again for dis place. na so so ban ban pipul dem sabi. d thunder way go fire d mod way ban me dey smoke indian hemp for bush!
Even if dem show GEJ on video robbing World Bank, He still remains my Hero!!!!!!!!!!!!!

see his hypocritical utterance, he is one of the contributors to the free falling nigerian economy. I think mr tinubu would be very happy to see nigeria turn to a feudalist state. Most especially lagos, then he can excercise his feudal autocractic power as a lord, and trample upon his wailing serfs. This is not only his dream but that of the rest of the Apc party cacus. I think they have all nursed this dream/ambition of looting Nigeria from childhood. Smh! heartless men!

see his hypocritical utterance, he is one of the contributors to the free falling nigerian economy. I think mr tinubu would be very happy to see nigeria turn to a feudalist state. Most especially lagos, then he can excercise his feudal autocractic power as a lord, and trample upon his wailing serfs. This is not only his dream but that of the rest of the Apc party cacus. I think they have all nursed this dream/ambition of looting Nigeria from childhood. Smh! heartless men!

hmmm

MzPecs:
Tell that to your bubu

him not fit. dem don ban d brown teeth corrupt man from aso rock.

by next year tinubu will join us.
the wailing wailers!!!


the mod that ban me,God pass u!!!

Here

EternalTruths:
Tinubu shut up


Tell Buhari to embrace True Federalism which will greatly catalyze the diversification of our economy

dem a.b..o.ki know d truth but will never accept it. D zoo must fall.

drss:
him not fit. dem don ban d brown teeth corrupt man from aso rock.

Hehehehehe

For tinubu to make this statement is an indication that he is not in good terms with Buhari.

Only science can solve the poverty problem of a nation, not holding lectures. Ignorant elites everywhere!.

First of all, in order to begin the journey to our economic freedom we must pursue true education, especially as it concerns science education. The current model of education that we inherited from colonial Britain and France does not support development in Africa. In fact, western education is anti-development. That's ultimately why we're poor. Western powers don't want you to know this. I proved it conclusively in the part 1 and 2 of the link on my signature.

Science + Technology = Industry.

Science + Technology + Industry = Development.

It's that simple!,

Africa cannot develop without investment in grassroots science.