Former Governor of Central Bank of Nigeria, CBN, Prof. Charles Soludo, has said the rich in the country will also suffer if high poverty and unemployment rates are not tackled.<\/p>\n
Soludo said this on Tuesday in Lagos while making a presentation on economic restructuring at a programme, tagged \u2018The Platform\u2019, organised by Covenant Christian Centre.<\/p>\n
He said, \u201cWith an urbanisation rate of over five per cent, the conflagration that might ensue when hundreds of millions surge to the cities but can\u2019t find jobs, housing, water, and food can only be imagined. Soon, I believe, the rich won\u2019t be able to sleep because the poor, homeless and angry are awake.<\/p>\n
\u201cWhatever the case, the challenge is how to deliberately optimise the potential of the huge youthful population to be highly productive at home and competitive or exportable abroad.\u201d<\/p>\n
Soludo lamented that the country had not been able to diversify away from oil and gas over the years despite efforts by successive governments.<\/p>\n
According to him, the next bigger-than-oil export earner for Nigeria would potentially be its human capital.<\/p>\n
He said, \u201cNigeria earns almost as much from oil as it earns from remittances from the diaspora. But we cannot export illiterates in a world driven by the digital revolution.<\/p>\n
\u201cThe easiest way to waste the future is to continue to churn out millions of semi-illiterates, largely unemployable citizens, most of whom see criminality as the only way to escape poverty trap or drug as the opium for solace.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Former Governor of Central Bank of Nigeria, CBN, Prof. Charles Soludo, has said the rich in the country will also suffer if high poverty and unemployment rates are not tackled. Soludo said this on Tuesday in Lagos while making a presentation on economic restructuring at a programme, tagged \u2018The Platform\u2019, organised by Covenant Christian Centre. […]<\/p>\n","protected":false},"author":62,"featured_media":3952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,31],"tags":[537,686,931],"class_list":["post-16232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-miscellaneous","tag-poverty","tag-rich-nigerians"],"yoast_head":"\n