Recession is a result of Nigeria’s bad leaders – Pat Utomi

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Nigeria’s renowned economist and financial expert, Professor Pat Utomi, has attributed the present economic recession to the “bad behaviour” of previous governments, Daily Post reports.
The renowned political economist noted that Nigerian leaders are lazy and many are in the position of authority but are not leaders.

He stated that every government appears to be worse than the one before it and that there is the dearth of leadership values among political elites.Utomi said: “Nigeria inflicted recession on itself through the bad behaviour of previous governments. It was the result of an elite that is too lazy to restructure the economy. Our leaders are lazy and they always want the oil price to rise.”

He challenged the youth not to emulate the present crop of “mentally lazy elite that are not ready to build their country.”

“We are in dire need of leaders with a sense of service towards others and contribution to the Society. Nigeria is a paradox of progressive degeneration. Every government is worse that the one before it because we have not refused to learn,” he said.
Utomi, had earlier said that Lagos state is a crucial catalyst if Nigeria’s economy is to witness a turn around for the better.

The former presidential candidate said there were a lot of lessons to be learnt from the Lagos economy, which according to him, is largely driven by it’s huge investment in infrastructure, vibrant tax collection strategy and an enabling environment for businesses to thrive with less dependence on oil revenue.

Source: http://nigerianewsnow.com.ng/2016/10/22/recession-is-a-result-of-nigerias-bad-leaders-pat-utomi/