Former Central Bank of Nigeria(CBN) Governor, Professor Charles Soludo has said the economic policies of President Buhari since he took over in 2015 are still based on campaign promises. Soludo spoke on Thursday, in Kaduna at the Progressive Governors Forum’s 4th Progressive Governance Lecture series with the theme Building the Economy of States: Challenges of Developing Inclusively-Sustainable Growth.According to Soludo, “Nigeria is facing unprecedented and tremendous political and economical challenges with global and local dynamics. Regardless of these challenges, opportunities and possibilities abound if we address some fundamental issues. The key to achieving this is to have a development plan that is anchored on realising inclusive and sustainable growth.
“Inclusive and sustainable growth cannot be achieved without conscious efforts to deconstruct the dynasties of poverty and maximise states and Nigeria’s comparative and competitive advantage. Nigeria is not secured and can be made politically sustainable through the de-strangulation of the hold of the Federal Government over states. I therefore, recommend the restructuring of the economy from consumption-driven to production-based and consistency in micro-economic policies. Encouraging fiscal federalism in ways that allow states to have greater control of their resources, evolution of a master plan for mass export-oriented industrialisation that answers the economic questions and realities of today.”
