A professor of political
economics, Pat Utomi, has noted that corruption is worse in this present
administration of President Muhammadu Buhari than ten years ago.
According to him, the change
promised by President Buhari-led government was not working.
Utomi was quoted by the Nation as
saying that “Sadly, even though our mantra ‘is if Nigeria does not kill
corruption, corruption will kill Nigeria,’ I believe by my experience as a
businessman that there is worst corruption today in the country than there was
10 years ago.
“So the corruption in the
environment also adds to the challenge of investing.
“So there is a need for serious
conversation about whether we want the Nigerian economy to grow and what it
will take to grow it so that there will be consensus and people will therefore
act properly relating to that consensus agreed to.
“If that is to happen, we need to
have a national strategy. Whenever I talk about this, people will object to it,
talking about this medium term economic recovery plan, but that is not a
national strategy; it is a short to medium term recovery programme.
“The national strategy should be
what Nigeria wants to lead the world in by 30 years to come. What it means
therefore is to take some value chains, most likely looking into the
agriculture endowment of the country.
“When you take this endowment,
you decide that we want to become the world’s leading suppliers of sausage
derivatives, so that when you think of hamburger, you think of Nigeria because
over 60 percent of the inputs come from Nigeria for the next 15 t0 20 years.”
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