Business
Ex-Lawmaker Tasks FG On Ailing Economy

Worried by the continuous downward trend in Nigeria’s economy, former lawmaker that represented Ihiala Federal Constituency of Anambra State at the National Assembly, Hon. Vital Okafor, has called on President Muhammadu Buhari and his team to go back to the drawing board to revive the ailing economy.
He also urged the Buhari administration not to take the patience of Nigerians who have been suffering various forms of hardships for granted.
Okafor while reacting to the present economic challenges facing the country told the aviation correspondents on Tuesday that vital steps and policies aimed at bringing the nation’s economy back to life must be sincerely pursued.
He noted that the Nigerian economy was visibly going through stagnation, pointing out that every segment of the economy is going through one challenge or the other, “with high cost of goods and services, low productivity and scarcity of funds at the same time”.
According to him, “We have never had it this way in this country, in terms of productivity, security and circulation of money. It looks like the country is going through suffocation for the past few years, yet, we have a government that is in-charge.
“My advice is that the present leaders and policy makers should go back to the drawing table, and sincerely strategise, and implement policies that will bring back the economy to life, instead of looking on what or whom to blame,” “he said.
Okafor, a lawyer by profession, also urged state governments to always embark on projects that would have direct bearing on the citizens, rather than executing projects that are ill-conceived just for cheap political gains.
He advised the governors to always embark on developmental projects that will boost employment and productivity directly or indirectly, so as to improve the economy of their states.
On the various development commission bills before the National Assembly, the former lawmaker frowned at the delay in passing the South East Development Commission Bill, urging those representing the zone at the National Assembly to intensify action on lobbying their colleagues to pass the bill.
By: Corlins Walter