Don Calls For New Economic Model For Nigeria

Former Dean of Faculty of Environmental Sciences, Rivers State University, Prof. Dagogo Fubara, has called on the Federal Government to formulate a new economic model that will take Nigeria out of its  numerous economic and social challenges.
Speaking while interacting with airport correspondents last Friday, Prof. Fubara explained that the time has come for the country to have a new economic model that will take into consideration variables that are relevant and consistent to the Nigerian situation.
He noted that the country is at an economic crossroads and urged Nigerians to find solutions to the present economic predicament.
According to him, rather than lament or accept the present situation, a body of experts charged with the responsibility of working out new developmental models to proffer lasting solutions to the myriads of economic challenges facing the country should be assembled.
The Professor of Geodesy also noted that the prescriptions of Breton Wood Institutions like the International Monetary Fund (IMF) and World Bank have failed the country.
He took a swipe at the new liberal theory, saying it has ended up making majority of Nigerians poorer, adding that an urgent step is required to address the challenges.
The former university don also expressed reservation over the present power situation in the country, saying “Nigerians are going through a nightmare, pains and agonies as a result of effects of government actions and inactions.
“Nigerian workers have been priced out of things that are supposed to allow them make a decent living; the petroleum industry has been deregulated with fuel selling at N145 per litre, while foreign exchange and electricity tariff is still going high”.

By: Corlins Walter