ADVERTISEMENT

'Buhari only fighting symptoms of corruption,' Ex-CBN Gov says

The economist noted that the Nigerian economy will need to be totally reset.

 

Speaking on Thursday, August 25, at the fourth “Progressive Governance Lecture Series” in Kaduna State, Soludo said the current anti-corruption war  would not be successful and enduring until it is tackled from the systemic level.

Soludo said: “I feel we are fighting corruption at the symptomatic manifestation level, at the transaction level. For the fight against corruption to become enduring and to achieve a purpose, we need to get to the systemic level.

“The way we are going about it is fantastic. You finish, you close here, the other place is leaking. The system, as currently structured, you can only fight the symptoms."

ADVERTISEMENT

The former CBN boss, who spoke on the topic ‘Fragile state with a failing economy, making progressive change work for Nigeria’, said the All Progressives Congress needs to move from a coalition of political parties that won election to a coalition for governance.

“There seems to be a potential conflict with what the people want and what the country needs to survive sustainably. The economy is stuck on a slippery muddy length today with a fragile state,” he said.

“What will be the seven pillars or three pillars that the APC will show to Nigerians and say, we came and we put these pillars there and in the next 20 years it will take you out of the woods?

“Where are the out-of-box ideas for use?  The challenge for APC, as I see it, is moving the coalition to grab power to a governing team. I commiserate with you because this will be the first time that a government, under a democracy, will be required to structurally transform but without external anchor in terms of IMF conditionality etc.”

ADVERTISEMENT

Soludo is, however, optimistic that Nigeria will be great again even though the current circumstances makes the future look bleak.

“Let me say that despite all the odds that Nigeria is passing through today, I still see hope, I still see greatness that awaits Nigeria. The collapse in oil prices is a blessing and an opportunity for Nigeria for a new beginning.

“This is predicated on fact that I believe that the trajectory that we had gone through before was not sustainable one and therefore, with the collapse of oil prices, it is a clarion for us to press the reset button and start a fresh on a more sustainable ground. So I see that as a blessing,” he stated.

Soludo added that Nigerians are pressurising the government to deliver quick results within a short term,when what the economy needs are long term solutions.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Global body says Nigeria has shortage of 250,000 doctors

Global body says Nigeria has shortage of 250,000 doctors

Heavy security as Ogun governorship tribunal delivers judgement

Heavy security as Ogun governorship tribunal delivers judgement

Italian bags 24 years in jail for beating physically challenged Nigerian to death

Italian bags 24 years in jail for beating physically challenged Nigerian to death

Tinubu will rewrite Nigeria’s history for good - SGF Akume

Tinubu will rewrite Nigeria’s history for good - SGF Akume

Omo-Agege rejects Delta governorship tribunal's verdict, heads to Appeal Court

Omo-Agege rejects Delta governorship tribunal's verdict, heads to Appeal Court

Former Kwara commissioner explains EFCC invitation

Former Kwara commissioner explains EFCC invitation

Kogi Senator denies keeping killer squad, thugs

Kogi Senator denies keeping killer squad, thugs

We are coming after all of you - CDS tells bandits, terrorists

We are coming after all of you - CDS tells bandits, terrorists

Court orders Kano govt to pay ₦30bn compensation to shop owners over demolition

Court orders Kano govt to pay ₦30bn compensation to shop owners over demolition

Pulse Sports

I still love guys - Super Falcons' Michelle Alozie reacts to lesbian rumour

I still love guys - Super Falcons' Michelle Alozie reacts to lesbian rumour

Heartbreak for Nigeria as AFCON 2027 bid slips away to East African rivals

Heartbreak for Nigeria as AFCON 2027 bid slips away to East African rivals

Victor Boniface or Harry Kane: Who has had the better Bundesliga start?

Victor Boniface or Harry Kane: Who has had the better Bundesliga start?

Steph Curry: NBA star lists Nigeria's Burna Boy and WizKid among favorite music artists

Steph Curry: NBA star lists Nigeria's Burna Boy and WizKid among favorite music artists

Controversy as Super Falcons' Michelle Alozie unveils her 'female lover'

Controversy as Super Falcons' Michelle Alozie unveils her 'female lover'

AFCON 2027: Algeria hands Nigeria a major boost

AFCON 2027: Algeria hands Nigeria a major boost

ADVERTISEMENT
ADVERTISEMENT