Moghalu disclosed this while delivering his keynote address
at the annual LEADERSHIP Conference and Awards 2023, holding in Abuja, on
Tuesday.
He also described the N30trillion Ways and Means granted to
the Buhari government by the CBN under the immediate-past Governor of the apex
bank, Godwin Emefiele, as an “unprecedented corruption” in the country, adding
that the President Bola Tinubu administration also made costly mistakes, which
exacerbated the current crisis.
Moghalu said: “We should not be surprised that there is
hunger and anger in the land because the past 10 years have been marked by many
economic mismanagement, blotted ways and means of the CBN, blotted budget and
unprecedented corruption.”
He, however, said the Nigerian economy will resurate if the
authorities were able to fix the fundamentals, namely; cost push inflation,
insecurity, guarantee access to finance, build stable power supply and wake up
the fiscal segment of the economy.
He said Nigeria must not waste the present economic crisis
to solve the economic challenges facing the nation.
In the aftermath of his address, Dr. Moghalu expressed
gratitude and humility for the warm reception, underscoring the importance of
collective efforts in driving positive change and advancing Nigeria’s economic
agenda. He reaffirmed his commitment to leveraging his expertise and influence
to contribute to the nation’s progress and prosperity.
As the LeadershipNGA 2024 Conference & Awards concluded, attendees departed with renewed optimism and determination, inspired by Dr. Moghalu’s vision for a resilient and prosperous future. His keynote address served as a catalyst for dialogue, collaboration, and action, igniting a sense of unity and purpose in navigating the economic challenges ahead.