Donald Duke questions jubilation trailing recession exit

By: Momoh-Onimisi

Former governor of Cross River State has aired his opinion on the jubilation trailing Nigeria’s exit from recession.
Donald Duke said the current administration needed to work hard to make citizens feel the positive impact of the development. He was however quoted as saying “Just because it is easier for goods to pass through the port…that’s no big deal,”
Speaking at the National Competitive Report and Sub National Index held in Lagos he expressed his disappointment at the manner in which youths in the prime of their life hawk plantains while those are the top cadre of the society act blind in the face of such scenario.
Duke said ““This country, for instance, has to grow at about 15 per cent annually, not in Lagos, but nationally, for the next ten years, to absorb the numbers that are out of the economy. We are self-deceptive. We say that unemployment is 15 per cent.
“In other words, out of every 100 only 15 have no jobs. I think it is the other way round; only 15 have jobs and the rest 85 are living off the 15. The question is how long can that go on?
“Then we sit down and say that inflation is 16 per cent. How do you arrive at that? I know I’m broke. So if inflation is too much money in circulation, where is this money?
“The truth is too few people have too much money. If you re-circulate resources properly, and I am not being socialist here (all you need to do is to create jobs for people), then you’ll find that it will reflect on the economy.
“So what we are doing is to run a goodwill economy; 85 percent of the economy is depending on the goodwill of the 15 percent.”
He also advocated for a developmental policy which he termed SHIT (Skills, Health, Infrastructure and Technology).
The ex-governor didn’t hide his feeling on the collapse of the Nigerian health where he expressed the low chances of patient survival due to poor performance of the sector.

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