Former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, says Nigeria’s economy is poor because the country is being led by politically, economically incompetent people.
The presidential candidate in 2019 general elections and 2023 presidential aspirant, stated this on Monday during an interview with Arise TV.
Moghalu said, “We often think that technocrats can change the Nigerian economy, they can’t, for as long as Nigeria is led by politically and economically incompetent people, Nigeria’s economy can’t be transformed.
“If I was President of Nigeria today, and I know what I’m telling you, and I have the political will to pursue these reforms, I think there will be a better chance of the economy getting better.
“But if you are led by politicians who do not understand these things, and so they can not come at it with knowledge, and that’s the problem.
“All they think about is politics. Politics of personal advantage, politics of benefit and patronage.”