Former Deputy-Governor, Central Bank of Nigeria (CBN) and Presidential candidate of Young Progressives Party (YPP) in the last general election, Kingsley Moghalu has reiterated his call for urgent radical reforms in the country.
Moghalu, who is also a professor in International Business and Public Policy made this call on Thursday stating that it is high time the leaders faced the realities rather than pursuing shadows, and start thinking upright.
“I pray the oil price stays at $20 per barrel for the next five years. That should force some serious reforms in our economy, governance and politics. With no fund for FAAC allocation, Nigeria will have to be restructured back to a real federalism. We need to start thinking straight.
“Maybe when the lenders see the price of oil at that level, they will stop lending. They intend for you to repay with interest”, Moghalu stated.
