Sanusi said this on Wednesday while delivering a lecture at the ongoing 15th meetings of the joint planning board and national council on development planning in Kano, titled ‘Nigeria in search of new growth model’.
Sanusi also attributed the current economic recession in the country to the failure of past administrations to diversify the economy.
He spoke about the urgent need for the country to return to the drawing board and expand the economy through wise investments capable of yielding economic growth and development.
“If we do not expand the economy through wise investment, we can end up in classical Malthusian situation,” NAN quoted him as saying. “If this government continues to behave the way the past government behaved, we will end up where Jonathan ended.”
He said a system where someone sits down and with a telephone call makes N1billion without investing a single Kobo is wrong and unsustainable.
He lamented that in spite of the previous experiences, the country is still making the same mistakes.
“A situation where we cannot process tomato — tomato paste is being imported from China — is sad,” he said.
No comments :
Post a Comment