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How to Solve Nigeria’s Current Economic Problems – Charles Soludo

Farouk Mohammed
By Farouk Mohammed
Published: August 26, 2016
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Former Central Bank Governor, Charles Soludo, has offered solutions to Nigeria’s current economic problems.

According to him, Nigeria needs to move to a manufacturing economy.

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He said the country needs to break the dynasties of poverty and maximize the comparative and competitive ‎advantages for the growth in Nigeria and states to be inclusive.

“Encouraging fiscal federalism in ways that allow states to have greater control of their resources, evolution of a master plan for mass export oriented industrialization that answers the economic questions and realities of today,” he said.

“APC developing over-arching vision of Nigeria without Oil and‎ there should be a coalition of economic policies that can deals with disparate socio-economic issues in a systematic and sustainable manner.

“APC States must develop a peer review mechanism to track, measure and share knowledge and experience in order to achieve shared values that will distinguish APC states from non APC states.

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“There is need for communication strategy that effectively communicates change in a forward looking and inspiring manner for the citizenry. This is important for building consensus for development, and‎ there should be a coordinating mechanism for developing the 2017 budget.”

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TAGGED:Charles SoludoEconomicNigeria
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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