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Nigeria’ll collapse with incompetent president, says Moghalu

by OtownGist
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A former presidential candidate in the 2019 general elections and former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has warned that Nigeria may collapse without a competent president.

He said this when he hosted the candidate of the African Democratic Party in the November 6 governorship election in Anambra State, Nzeh Akachukwu.

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According to him, the sudden U-turn by the Senate on electronic transmission of results, ahead of the critical general elections, was a positive signal that the 2023 general elections would be transparent.

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Moghalu, now a chieftain of the ADC, also called on Nigerians, especially young people, to register in order to be eligible to vote in 2023.

He said, “This government will go down in history as a government that has embarked on profligate and irresponsible borrowing to an extent that has never happened in the history of this country. And the sad thing is that these loans are not productive.

“I feel that there is an element of callousness in this direction of economic policy because I feel there is a sense that 2023 will come we will walk away from it and somebody else will handle it. That is what I perceive because despite all the criticisms from the business community, from economists all over the country, and from citizens, they just continue to borrow.

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“So, there is no responsiveness to the cries of Nigerians that they are mortgaging our future. There is no solution therefore that is not a political solution in 2023. Politics as usual is a no-go area for Nigeria in 2023. Otherwise, this country will literarily collapse into an Afghanistan-like situation if in 2023 we do not elect a government led by a President that is economically competent and sound to begin to turn around our economy. That must be our number one priority. If we just play politics as usual – politics without governance – we get very bad outcomes.

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“It will just keep getting worse. There is hope but that hope rests in the decisions that Nigerians make in 2023.”

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