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Moghalu laments Nigeria’s continued dependence on oil

Moghalu laments Nigeria’s continued dependence on oil - the country, presidential, oil, Moghalu, for the

The candidate Young Progressives Party (YPP) in the 2019 election, Prof. Kingsley , has expressed concern about the nation’s reliance on as a major source of revenue generation.

He recommended technology and innovation as alternatives, citing the examples of developed countries. He stated this in Abuja, at the 10th Nigeria Meritorious Service Award and Nigeria Political Achievers Award organised by the Federation of West African Freelance Journalist Association.

The event, which ended late Friday night, was organised to honour some Nigerians who distinguished themselves in politics and other fields.

, a former Deputy Governor of the Central Bank of Nigeria (CBN), said that belonged to ”the distant age; the world today is of technology, innovation and science”.

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According to him, needs government that will give youths a sense of purpose and employment to achieve their destinies. “In the future, we don’t have to continue the political system the way it has always been,” Moghalu said.

He observed that political leaders should be judged by their achievements in office in terms of job creation and economic growth.

”To have the desired change in , every Nigerian most change the way they think and act,” he advised.

He also advised that the CBN ought to be truly independent to ensure enhanced performance.

According to him, when independent institutions such as the CBN gets directives that may serve transient political purpose, the long term effect may not be the best country.(NAN)

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