Nigeria must use its national assets to maximum advantage in order to attract foreign exchange inflows it desires and build the external reserves to achieve an exchange rate that doesn’t fluctuate.
Chief Executive of Economic Associates, Ayo Teriba said this during the 2024 Vanguard Economic Discourse themed: “Reforms In An Era Of Global Uncertainties: Whither Nigeria? held at the Civic Centre in Lagos.
Teriba said that Nigeria remains the only big economy of the world that builds airports and not terminals, where about 40 percent of the revenue in aviation is made.
“We are in the midst of global economic uncertainties and fortunately, Nigeria has a new government, Tinubu, Shettima administration that gives Nigeria an opportunity to look at things afresh,” he said.
“Since the democratic transition in Nigeria in 1999, this is the first time; democrats who struggled for the democratic transition agenda are having a bite at the presidential seat. Ironically, Nigeria’s transition has produced two retired military officers and former heads of state, of the 34 years, 16 years has been under retired military heads of state.
“This is the first time you have people who were at the forefront of the struggle occupying the Aso Rock zone. The country and the democratic class cannot afford to fail these 30 years struggle. Both the president and vice have been members of the national assembly, senators, both of them have been state governors for eight years; they have been leading so they can speak to relate with the sub nationals, the legislators”.
He added that Tinubu and shettima have no reason to fail.
“They have to succeed; we need no excuses. I would contribute my own simple suggestions, and the first is that, I see what the government is doing in trying to find money with which to run the government, maintain people’s welfare and transform this into infrastructure.”
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.
