Moghalu also said Nigeria needs to improve state capacity for effective governance
By Kehinde Okeowo
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has told the President Bola Tinubu-led administration that “hope” is not an effective strategy in tackling economic hardship.
This is even as he said that he’s hopeful about Nigeria despite sustained contemporary difficulties.
Moghalu made his thoughts known on Friday via a post he shared on his official X handle.
The former presidential candidate maintained that the country needs to improve state capacity for effective governance.
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He also advised that Nigerians must learn to be honest with themselves and address the root causes of their problems.
Speaking via his verified social media page, Moghalu tweeted: “Despite sustained contemporary difficulties, I am hopeful about Nigeria.
“But hope is not a strategy. We need to improve state capacity for effective governance . We either fix our problems, or our problems will eventually ‘fix’ us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable?
“The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from the status quo will find that we ALL – they included- will be losers.”
