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“Nigeria inflicted recession on itself” – Pat Utomi
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“Nigeria inflicted recession on itself” – Pat Utomi

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TVC N. Prof. Pat Utomi, a renowned economist, has blamed the current recession on the bad decisions and behaviours of past governments.

Utomi also urged young Nigerians not to emulate some Nigerians, who are mentally lazy and unwilling to build Nigeria.

He said this at the Emerging Leaders Conference, which was put together by Guardian of The Nation International, tagged: Self-Reinvention; The Trigger for Economic Boom.

Utomi also said “Nigeria inflicted recession on itself through the bad behaviour of previous governments. It was the result of an elite that is too lazy to restructure the economy. Our leaders are lazy and they always want the oil price to rise.

“You must not be like them. If we continue to act the way they acted, in my view that is irresponsibility.

“We are in dire need of leaders with a sense of service towards others and contribution to the Society. Nigeria is a paradox of progressive degeneration. Every government is worse that the one before it because we have not refused to learn.”

He added that  “Everyone is feeling marginalised. It is the tragedy of 1966, they took Nigeria in 1966 and are still running Nigeria now.

“We are in dire need of leaders with a sense of service towards others and contribution to the Society. Nigeria is a paradox of progressive degeneration. Every government is worse that the one before it because we have not refused to learn.”

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