The economist, who made the recommendation during a television programme, said despite the hardship facing Nigeria in the wake of the petroleum subsidy removal, the country’s governance culture encourages extravagance among political leaders and appointees.
Moghalu who also argued that Nigeria’s governance culture puts self-service above people-service, berated the political leaders for not replicating what they see in developed countries in Nigeria.
Moghalu faulted the country’s quest for more loans, saying the monies are not used for the right things.
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