A presidential candidate for the Young Progressives Party (YPP) in the 2019 presidential election, Prof. Kingsley Moghalu, has decried the nation’s over reliance on oil as a major source of revenue generation.
Speaking in Abuja, at the 10th Nigeria Meritorious Service Award and Nigeria Political Achievers Award organised by the Federation of West African Freelance Journalist Association, he suggested technology and innovation as more viable alternatives given what obtains in developed economies,
The event, which ended late Friday night, was organised to honour some Nigerians who distinguished themselves in politics and other fields.
Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), said that oil belonged to ”the distant age; the world today is of technology, innovation and science”.
According to him, the country needs government that will give youths a sense of purpose and employment to achieve their destinies.
“In the future, we don’t have to continue the political system the way it has always been,” Moghalu said.
He observed that political leaders should be judged by their achievements in office in terms of job creation and economic growth.
”To have the desired change in the country, every Nigerian most change the way they think and act,” he advised.