Nigeria’s renowned economist and financial expert,
Professor Pat Utomi, has attributed the present
economic recession to the “bad behaviour” of
The renowned political economist noted that
Nigerian leaders are lazy and many are in the
position of authority but are not leaders.
He stated that every government appears to be
worse than the one before it and that there is
the dearth of leadership values among political
elites.
Utomi said:
“Nigeria inflicted recession on
itself through the bad behaviour of previous
governments. It was the result of an elite that
is too lazy to restructure the economy. Our
leaders are lazy and they always want the oil
price to rise.”
He challenged the youth not to emulate the
present crop of “mentally lazy elite that are not
ready to build their country.”
“We are in dire need of leaders with a sense
of service towards others and contribution to
the Society. Nigeria is a paradox of
progressive degeneration. Every government
is worse that the one before it because we
have not refused to learn,” he said.
Utomi, had earlier said that Lagos state is a
crucial catalyst if Nigeria’s economy is to
witness a turn around for the better.
The former presidential candidate said there
were a lot of lessons to be learnt from the Lagos
economy, which according to him, is largely
driven by it’s huge investment in infrastructure,
vibrant tax collection strategy and an enabling
environment for businesses to thrive with less
dependence on oil revenue.
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