‘Nigeria needs post-COVID-19 fiscal discipline’
Professor of Industrial Relations and Human Resource Management, Lagos State University (LASU), Yunus Dauda, has said Nigeria needs to engage in effective fiscal discipline and shun corruption if the country must survive oil crash impact.
Prof Dauda said politico-economic restructuring of governance is possible if the elected leaders are ready to improve the wellbeing of the people.
“It’s high time we stopped looking for genuine requirements for societal change with political biases. With the collapse of the oil price, we have to shift to agriculture to promote the development of agro-based industries to reduce unemployment problems.”
According to him, the current political elites do not want change because they want to maintain the status quo, which provides undue advantage. But they forgot the fact that the only thing that is permanent is change itself.
“We have to change the present political arrangements to enable us cope with the social and economic challenges that are now facing the nation. The problems of mass unemployment, insecurity and poverty will remain with us. Economics is politics in disguise, there cannot be any concrete development without good politics,” he said.
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