Former Central Bank of Nigeria (CBN) Governor, Prof. Charles Chukwuma Soludo, has observed that the ruling All Progressives Congress (APC) government has no master plan for industrialisation because its seems to be adopting the model of the immediate past Peoples Democratic Party (PDP) government.

Soludo, who was CBN Governor during the Olusegun Obasanjo administration and part of the Umaru Yar’Adua government, pointed out that the master plan, which APC seems to be using, was designed for an old order.

According to him, the APC government seems to be just tinkering at the margins here and there, but has not really come out with a brand new industrialisation plan, which will create jobs.

Soludo, who spoke at the 4th Progressive Governance Lecture Series which was organised by the APC Governors’ Forum in Kaduna yesterday, noted that “the old order was predicated on the assumption that once you get prices and infrastructure right, everything else will follow.”

He argued that this assumption is not suitable “for an economy that is structurally mired in the mud.”

He maintained that Greece and other countries that are failing have 24 hours power supply and good infrastructure, “yet their economies are imploding massively.”

Soludo, who spoke on the theme, “Building the economy of states: Challenges of developing inclusively sustainable growth,” lamented that APC still operates with a “mindset that is still stuck in the past, for an economy that we no longer live in.”

The professor of Economics said that APC is still behaving as if the party is in a campaign mood when it is actually in government. “All it has been doing is blame PDP, blame oil prices, blame corruption, which is fair enough,” he said.

Soludo said that Nigerians precisely elected APC because the party “convinced Nigerians that those were the problems of the country and, therefore, Nigerians decided to give APC the mandate to fix them. So, you cannot continue to blame PDP again.”

The former PDP gubernatorial candidate in Anambra State said that reminding Nigerians of the past is only a good strategy if it will keep their attention away from the current failing of APC government, adding that the strategy “will not carry us far.”

The professor also lamented that the nation’s economy is characterised by a partial distribution of wealth and poverty, adding that there is a growing phenomenon of dynasty of poor people, where poor parents give birth to children who end up becoming poor.

Soludo pointed out that most of the 11 frontline states that are threatened by desertification are APC states and they are the poorest in the country.

“Ironically, they are the states with the highest rate of population growth,” he said, adding that agricultural production in those states is down by 20 per cent. He advised northern state governors to do something in order to modulate the increasing population or else the time bomb will consume everyone.

“The idea that a poor guy who has no means of livelihood can have 30 or 40 children, with nothing to offer them and the state doesn’t have the resources to give them capacity to participate, is dangerous.

You are building an army and a time bomb that may consume everyone sooner than later,” he stated. Soludo noted that the current economic recession is an opportunity for Nigeria to actualise the 54-year-old aspiration to diversify the economy as contained in the 1962 development plan.

He, however, said that in spite of all the odds and challenges that Nigeria is faced with today, “I still see hope. I still see greatness that awaits Nigeria in the future.” According to him, the present recession is a blessing because it presents an opportunity for Nigeria to start a new beginning.

Earlier, Vice-President Yemi Osinbajo said that the challenges that Nigeria is facing today are not self-inflicted.

“Some of them are historical and they are legacy challenges. But then, we are required to come to the table with fresh ideas and innovations to solve some of these problems,” he said. Osinbajo, who chaired the occasion, warned that “so many of the problems are not problems that can be resolved within a few months or even years. But we are called upon at this time to make a difference.”


https://newtelegraphonline.com/soludo-apc-stop-blaming-pdp-nations-woes/

stop blaming others for your failure...

These APC people are allergic to the truth.


Instead of them to accept the truth in good faith and work towards the attainment of the advice, they'd rather continue blaming the past administration.


Na wa o.

The truth about economy in deep crisis is that there is no quick solution, and Prof knows that as well.. .
I was hoping to see were he would say, do this, ur doing this wrongly. .. all he said has been what the government officials are have been saying... It will take time to correct the economy
That's the bitter truth

mrvitalis:
The truth about economy in deep crisis is that there is no quick solution, and Prof knows that as well.. .
I was hoping to see were he would say, do this, ur doing this wrongly. .. all he said has been what the government officials are have been saying... It will take time to correct the economy
That's the bitter truth

God bless you my brother

We should proffer solution not talking always

Nobody is saying the past administration is not corrupt, as much as I like GEJ then, I didn't vote for him, because to me, he was too soft with the members of his cabinet, he couldn't control them, so no one is exonerating them, we all know, and you people too claimed to know. You canvassed for people to vote for you claiming to be aware of the problems and that you had everything it takes to solve the problems. Hence, the people voting for you em-mass, believing that the Messiah of our economy has arrived. Alas! almost two years gone, you people are still blaming the past administration, as if you weren't aware of the damage before coming to power.


Enough of this blame game, it isn't portraying you people as someone who knows what to do and how to go about what is supposed to be done.



There is too much hardship on the land. Wake up and start working. That's why you're elected , not to be telling us what we already know.

The apc in effect is telling us they wanted a perfect state Nigeria before ruling....They must be high on some weed....


Make ona rule joor....nonsense....They wanted a Nigeria where there would be so much money for them to swim in and abandon us...mumu

Never knew we still had sane and truthful Nigerians. Well said Prof. The greatest problem I have with this calamity of a government that we have today is that they have no plan to take us out of the current economic quagmire.

sarrki:
God bless you my brother

We should proffer solution not talking always

But while they were campaigning, canvassing for votes from the public, they claimed they know the various problems facing the country and their respective solutions.




Now, the citizens should proffer solutions to them, upon all the ministers and special advisers they've got


So, they deceived the masses, abi


It is well, even in the well.

nawtyme:
Never knew we still had sane and truthful Nigerians. Well said Prof. The greatest problem I have with this calamity of a government that we have today is that they have no plan to take us out of the current economic quagmire.

No plan at all.

Unfortunately, this is how they're going to be complaining and trading blame till the end of their four years tenure, even if not more.

dunkem21:
Soludo na IPOB na .. sorry TRIPOD

Zombies..

Infact I don't even remember we have leaders ruling this country because what I see everyday is people struggling to survive on their own..


*Off-topic: Have you seen the latest infinix hot 4... too hot that you must get one
http://www.obagoblog.com/2016/08/infinix-hot-4-specs-pros-cons-price.html

Soludo na IPOB na .. sorry TRIPOD

mrvitalis:
The truth about economy in deep crisis is that there is no quick solution, and Prof knows that as well.. .
I was hoping to see were he would say, do this, ur doing this wrongly. .. all he said has been what the government officials are have been saying... It will take time to correct the economy
That's the bitter truth

They were hired to do the job. If after one year and some months they have nothing to show except blaming their predecessor then we must agree that we made mistakes in choosing them. If they expect us to start teaching them what to do, then they are incompetent and we must look for alternative.
Their economic policies have deepen us more into recession.

They are good in propaganda Dazzol

This people were not ready for governance. Why still blame the past administration after one year and five month? They thought that Nigeria is like managing few cattle in Daura.

nnachukz:
They were hired to do the job. If after one year and some months they have nothing to show except blaming their predecessor then we must agree that we made mistakes in choosing them. If they expect us to start teaching them what to do, then they are incompetent and we must look for alternative.
Their economic policies have deepen us more into recession.

Then maybe you are not seeing then
Making nnpc profitable
Trying to restructure ajokuta
For the first time our local rice production us actually visible
Wheat production Is increasing
We attracted 50 billion dollars in oil investment to shut our daily output to over 6 million bpd and u still don't see anything??
The investment in power??
What do u want to see??

Let them continue the blame.

How can a responsible government continue to blame the past instead of profering solutions for todays problems.

Shameless people and their shameless dull supporters.

mrvitalis:

Then maybe you are not seeing then
Making nnpc profitable
Trying to restructure ajokuta
For the first time our local rice production us actually visible
Wheat production Is increasing
We attracted 50 billion dollars in oil investment to shut our daily output to over 6 million bpd and u still don't see anything??
The investment in power??
What do u want to see??

Are you for real? Like you are serious with what you vomited up there. Smh.

Abeg let them continue to blame oh...
Tick tock..tick tock...
Says the clock...

amuokuko:



Zombies..

The dude you just labelled zombie is a staunch and founding member of wailers' club.. He is being sarcastic and playful with that comment..

mrvitalis:
The truth about economy in deep crisis is that there is no quick solution, and Prof knows that as well.. .
I was hoping to see were he would say, do this, ur doing this wrongly. .. all he said has been what the government officials are have been saying... It will take time to correct the economy
That's the bitter truth

What happened to all the Campaign promises and Solutions Apc promised?

My father once told me that a man with a big head will only complain about it's heaviness only if the neck is weak. And nomata how long the pubic hair grows,it cannot cover the tantacles. APC IS BETTER AT OPPOSITION THEY NO NIL ABOUT GOVERNANCE.

nnachukz:
Are you for real? Like you are serious with what you vomited up there. Smh.

Tot ur IQ was high enough to understand that
My bad

dunkem21:
Soludo na IPOB na .. sorry TRIPOD

No, REIPOD