Former governor of Abia State, Chief Orji Kalu, has stated that the only way out of the current Nigeria’s economic mess is for President Muhammadu Buhari to initiate policies that will bail the country out.
|Former governor of Abia State, Chief Orji Kalu|
The business mogul urged the president to introduce “stimulus” that could help to stimulate the manufacturing and industrial sectors of the nation’s economy.
“The moment the manufacturing sector attains full-capacity production, there will be less dependence on importation and this will shore up the value of the naira.”
Kalu observed that the activities of Niger Delta militants further aggravated the nation’s dwindling revenue, leading to a full-blown recession.
He said, “At that time, I raised the alarm that Nigerian economy had gone into recession but nobody believed me, instead, I was abused and castigated.”
Kalu, who founded Progressives Peoples Alliance, PPA, after defecting from the Peoples Democratic Party, PDP, in the twilight of his administration, said that the party was still relevant in the nation’s politics.
He said, “PPA is not struggling, it is as good as other parties in the country.”