Financial EDGE

Mazi Uhuabunwa weeps for Nigerian economy, Naira value

Research Signal
Mazi Uhuabunwa weeps for Nigerian economy, Naira value

The Presidential Aspirant, Mazi Sam Uhuabunwa has wept for the paucity of the nation’s economy, saying that the foreign exchange value of the Naira against other currencies currently is a sign post of how far Nigeria has fallen.

Uhuabunwa  who is a former Chairman of Manufacturers Association of Nigeria(MAN) and Nigerian Economic Summit Group (NESG) said about 40 years ago “1million Naira equals to $1.57million but that today 1million Naira equals to about $2000”

Mazi Uhuabunwa who is The current President Pharmaceutical Society of Nigeria(PSN) therefore urged Nigerians of all creed to say no to poverty in a nation of plenty, by ensuring that they put the best in power come 2023,saying that the future generation of Nigerians will not forgive us if we fail to do the needful in 2023.

The PSN leader who was speaking to the media and others in Ikeja ,Lagos maintained that Nigeria is so much  blessed that we have no business living in the stagnant economy Nigerians are forced to live in ,saying  that the political game has passed the level when Nigerians are deceived by promises to tar roads and provide a non existent power supply.

According to him only a complete make-over will save Nigeria, saying that the on-going  security challenges and socio-economic problems are all indices of bad governance which can be transformed without much ado. Adding that it was to salvage Nigeria from the manipulated debt over hang and politically engineered crisis that he has thrown his hat in the ring.

He therefore challenged Nigerians to try those from sections and classes that has not been tried with the leadership of the country over the last 50 years and see whether or not our situation will change for the better, maintaining that insanity is when one keep doing the same things and expecting a different result.

As the former MAN chairman stressed ,what he is promising the nation is a movement from the status an underdeveloped nation to a nation that is counted among the developed economies of the World, stating that Nigeria should fast tract its development and change the game to be counted among the developed economies.

According to him such transformations he is putting on the table is not new, but has been executed in places like South east Asia, Spain etc, saying that Nigeria can not be different if we can join  our hands with determination and faith.