Soludo advocates exclusive list slash

Former governor of the Central Bank of Nigeria (CBN), Prof Charles Chukwuma Soludo, has called for the unbundling of Abuja and trimming down of the exclusive list as ways of tackling the challenges of the country.

Speaking yesterday at the 2017 International Conference of the Department of Business Administration, Nnamdi Azikiwe University, Awka, Soludo said attributed the current economic crisis in the country to poor ideas by the nation’s policy makers “barely a year after the current administration took over power.”

“Another way of tackling the challenges of the country is to unbundle Abuja, trim down the exclusive list. “We do not have to be running to Abuja for everything, that was why I was surprised when some people canvassed that local governments should be going to Abuja to take their allocations directly,” he said.

The former CBN governor urged Nigeria to think beyond oil, saying that it had done Nigeria more harm than good.

He said huge spending by government was one of the ways of solving the economic problem, adding that anymore attempt to enter into recession in the future would be more devastating than what is witnessed today.

Earlier, the Vice Chancellor of the institution, Prof Joseph Ahaneku, commended the choice of Soludo as a lead paper presenter, saying he remains a world known economist, renowned for fixing economies.