Former vice president, Atiku Abubakar, has explained the reason for high rate of unemployment in the country saying it was because of the abandonment of people-centred leadership, free trade and deregulatory policies of Obasanjo years.
Recall that Chief Olusegun Obasanjo and his vice, Atiku, governed Nigeria from 1999-2007.
Taking to Twitter, the former vice president, wrote
“What this government must realise is that the unprecedented insecurity Nigeria is facing is the result of youth unemployment. Idleness is the worst feature of unemployment because it channels the energy of our youths away from production, and towards destruction, and that is why Nigeria is now the third most terrorised nation on earth.”
“First, Nigeria must move towards a single exchange rate to be determined by market forces. Secondly, federal and state governments must reduce taxes to make Nigeria more business friendly. And finally, financial and monetary institutions, like the Central Bank of Nigeria, and Securities and Exchange Commission, must be free from the type of political influence that resulted in the prohibition of Bitcoin and other cryptocurrencies.”
“We are at a precipice as a nation and the truth is that all stakeholders and elder statesmen have to speak up on time, while there is still a Nigeria to save. This government obviously lacks the capacity to address our current challenges, and we must help them, not because of the government, but because of our people.
“In a situation where we are simultaneously the world headquarters for extreme poverty, the world capital for out-of-school children, and the nation with the highest unemployment rate on earth, there is a very real and present danger that we might slip into the failed states index – God forbid!”