Nobel Laureate, Prof. Wole Soyinka on Thursday said the Nigerian economy was in such dire straits and called on President Mohammadu Buhari to convene an emergency economic conference to enable experts chart the way forward and future of the economy.
Soyinka made the call when paid a courtesy visit to the Minister of Information and Culture, Alhaji Lai Mohammed in Abuja, describing the state of the economy as ‘parlous’, the result of prolonged and unchecked process of attrition from past years.
The Nobel Laureate described what the nation is going through as the consequence of years of past bad governance. In his words;
“The state of the economy is not a very encouraging one, it’s parlous quite frankly and I think most economic experts, chambers of commerce and the private business will agree with this.
“I agree with those who say the economy is bad.It is so bad that the president should call an emergency economic conference to which experts , consumers, producers, labor unions, university experts will be invited .
“We really need an emergency economic conference, a rescue operation that will bring as many heads together as possible where we can chart the way forward.
“But the economic condition of a nation does not deteriorate over night, something came before that deterioration-a certain prolonged and unchecked process of attrition which was neglected in the past is now knocking on the door.What we are undergoing right now is the consequence of past bad governance,” he added.
Soyinka also urged Nigerians to be patient with the present administration, encouraging them not to expect an end to the present hardship as it would linger for a long time.
“Don’t wait to see a bonanza economy in the next few months to a year. Recovery is going to take time. But at the same time, we have to rely on the objective analysis of experts to tell the government when it gets bad, which might compound the problem and ultimately left the people as victims.”