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Restructure now, experts tell Buhari

03 September 2016, 06:36

Abuja - Analysts and socio-political groups have urged President Muhammadu Buhari heed the call for the restructuring of Nigeria as a country after the many conflicts and political tension in some parts of Nigeria, Punch reports.

Analysts say that in the face of the economic crisis facing the country, restructuring was inevitable.

The National Bureau of Statistics on Wednesday released the Gross Domestic Product figures for the second quarter of 2016 with the GDP growth rate sliding from -0.36% in the first quarter to -2.06% year on year.

Also read: PDP’s call for Buhari’s resignation a joke – Lai Mohammed

Analysts are now pointing to the damning figures and the fact that Nigeria is officially in a recession to support their claim that President Buhari needs to restructure the country.

National Publicity Secretary of the pan-Yoruba group, Afenifere, Yinka Odumakin said that the issue of Nigeria entering into a recession could not be addressed until the country was restructured.

"Nigeria has entered a terminal crisis as it is now on irreversible journey to Venezuela. The Naira is on a free fall; inflation has torn the roof and suicide is now the option left for the hapless which we are already harvesting. There is no way out of this crisis except we restructure and release the creative energy in the federating units to retool. If we continue on this beaten path, our spring looms, Odumakin said”

For more on this story, visit Punch.

- News 24


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