CBN governor Lamido Sanusi warns of N'Africa style uprising in Nigeria

CBN governor Lamido Sanusi warns of N'Africa style uprising in Nigeria

Feb 28 (http://www.easykobo.com) - The Central Bank Governor, Mallam Sanusi Lamido has warned that the civil unrest in Northern African nations could be experienced in Nigeria if the nation's leaders fail to deliver the development they promise and fail to take full advantage of enormous potenrials that Nigeria offers.

He said, "This is a country we must always have hope on, not out of pity but because it has great potential to be realised. We therefore need to take full advantage of these potentials because if we don't, what we are witnessing in Libya, Tunisia, and Egypt will happen here.

We have oil and gas, but we import energy; we have large land resources, but we import food; we have been number the one producer of cassava in the world, but we import starch; we have a large cotton belt, but we import textiles from China; we have hides and skin, but we don't have the necessary industry to develop it.

By addressing each of these areas in a well structured and articulated manner, we will move this country out of poverty and be the China of Africa. This is not going to be done for us by the Chinese or the Americans.

We are the ones to do it. We don't need to treat this country with despair and despondency, but with hope and ambition," he stated, adding that by the time the right things are done, the country would emerge a global giant in the foreseeable future.

The CBN governor was speaking at the 40th convocation ceremony of University of Nigeria at Nsukka where he was given an honorary doctorate degree in Business Administration. He has recently turned down IMF's advise to devalue the Nairaand called their advise "internally inconsistant". He enjoys public support after exposing Banking scandals in 2009 and openly questioning excessive spending by the nation's house of representatives.

POST COMMENT

Designer Clothing - The Best Way To Tell If It Is Authentic Or Counterfeit Five Different Styles of Plastic Binding Covers Why You Should Buy a Designer Bag? Becoming a Designer in London Why would I need a custom Tumblr design? The best hairstyles to cover hair loss problems Is Black leather corner sofa thing of style? Wrought Iron Designs Can You Design Your personal Chicken Coop Plans? Making a Native American Style Flute Introduction to Chicken Coop Style Stylish and practical outfit in our wardrobe-designer hobo handbags Designer Radiators - Well Within the Budget