ENUGUâ€”FORMER Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, yesterday, warned that millions of Nigerians experiencing economic hardship and frustration due to lack of basic necessities of life occasioned by bad political system may resort to violent revolution against leaders that have resisted peaceful change.
â€œWhen necessity foists a certain imperative, we can only ignore it to our peril. Those who make peaceful change impossible make violent change inevitable.
â€œEvidently, the Vision 20-2020 is not feasible under the current consumption-oriented political structure and neither the investment nor the growth required to achieve it will happen under the current system,â€ Soludo declared.
Delivering a public lecture, entitled, Who Will Reform Politics in Nigeria? at the maiden home-coming week of the Faculty of Social Sciences of the University of Nigeria, Nsukka, Soludo said that rather than be a blessing, the emergence of oil boom and the intriguing politics around it have become a tragic development for the nationâ€™s economy.
He said the present near total dependence on oil revenue was a big time bomb for the country.
Blaming what he described as a precarious political situation in the country on the present presidential system of governance, Soludo declared that the military, which led the nation into creation of states, made a huge mistake.