“Nigeria will recover rapidly in the year 2024,” were the words of Bismarck Rewane, Nigerian economist and founder and CEO of Financial Derivatives Co. Ltd.
Rewane made this remark about the future of Nigeria as the country marks its 63rd independence anniversary amid low-key celebration and deep sober reflection that rents the air in Africa’s most populous nation.
Speaking on Lagos, Nigeria, Classic FM radio afternoon talk show, the Nigerian economist added that for Nigeria to recover economically, some very important sacrifices have to be made, from the leadership down to the followership.
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He, however, emphasised that more sacrifices are expected from the nation’s leadership.
He said, “Sacrifices have to be made more on the leadership, in other words, the oligarchs. The only sacrifice the people have to make is to work harder—they would work harder if they knew their work was going to give them benefits.
“But for the leadership, first of all, they have to introspect, and they have to get rid of the oligarchs; if not, you will have a corrupt system… If they can, you can have an economy like you see in China.”