A former Vice President, Alhaji Atiku Abubakar has expressed sadness on the state of affairs in the country, saying the country is on the verge of being a failed state.
The position of the former vice president is contained in a social media post obtained by DAILY RIPPLES from his personal FACEBOOK account on Monday morning.
Atiku who was the presidential candidate of the major opposition Peoples Democratic Party (PDP) in the last general election expressed regrets that the current All Progressives Congress (APC) led government is not doing enough to address the situation.
The Adamawa born politician also carpeted the Muhammadu Buhari led government for it’s perceived refusal to listen to wise counsels of those whom he described as ‘patriots’ who have come forward with workable ideas on how to get the country out of the woods.
“I have never felt so bad at being proven right, as I am by the report from Bloomberg Business on Saturday, March 27, 2021 that Nigeria is to emerge as the nation with the highest unemployment rate on Earth, at just over 33%.
“We warned about this, but repeated warnings by myself and other patriots were scorned. And now this.” He wrote.
He government at the centre for jettisoning the people centred leadership and free trade and deregulatory policies of the Olusegun Obasanjo led government which he served.
According to him, “What this government must realise is that the unprecedented insecurity Nigeria is facing is the result of youth unemployment. Idleness is the worst feature of unemployment because it channels the energy of our youth away from production, and towards destruction, and that is why Nigeria is now the third most terrorised nation on Earth.”
The PDP chieftain added that his suggestion in 2020 that every family in the country with at least one school age child, and earning less than $800 per annum should receive a monthly stipend of 5000 Naira from the government via their BVN and NIN on the condition that they verifiably keep their children in school.
“My recommendation still stands, and stands even stronger now that we have crossed the rubicon in youth unemployment. If we can get the 13.5 million out of school Nigerian children into school, we will turn the corner in one generation. If we do not do this, then the floodgates of unemployment will be further opened next year, and in the years to come.” He said.
He also called for privatization of the nation’s refineries, adding that the country can no longer afford this to continue to put it’s resources on them.
“As a nation, we are better off privatising our refineries and the NNPC through the time-tested LNG model in which the FG owns 49% equity and the private sector 51%.
“Recall that in 20 years ending 2020, the NLNG had delivered $18.3 billion dividends to government irrespective of taxes and other benefit accruals to the country.
“This will not only free the government of needless spendings, but also clean up the infrastructure mess in the petroleum downstream sector.” Atiku wrote.
He concluded by urging government to put in place measures that would guarantee capital inflow and foreign direct investment to curb rising wave of insecurity in the country.