Nigeria’s economy has failed – Mimiko - Premium Times Nigeria

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Nigeria’s economy has failed – Mimiko

, on Monday said that the Nigerian economy has failed.

Speaking at the event, the former governor noted that the unemployment situation in the country ”speaks to the poor state of the economy”. He explained that the emergence of the Amotekun security outfit in the South-west brought about the South-south regional security initiative and other regions have since joined the fray.

“Restructuring is coming; the situation, the objective facts, the dialectics of insecurity, failed economy itself, is producing insecurity and nobody is going to stop it. It has started. Look at our population explosion. In 1960, Britain was 52.5 million, Nigeria was 47 million. In 2019, Britain is still 67.7 million and we are 203 million and we are still growing. Our infrastructure, the growth rate cannot sustain it.

“I think we even tend to over-mystify the Fulanis,” he said. “Obasanjo was not a Fulani person; Jonathan was not a Fulani person. The major progressive wing of the Nigerian polity brought the Fulani back to power.”

 

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