A former Minister of Works has described the preparation of Nigeria’s budget as old fashioned.
Mr Adeseye Ogunlewe was speaking on Channels Television’s Sunrise Daily on Tuesday.
While giving his opinion about the decline in Nigeria’s economy, Mr Ogunlewe, said that: “We tend to prepare our budget, income and expenditure in the old fashion way.
“Nigeria, being a third world country, must use the brain of the people for the nation – a knowledge-base economy so that the knowledge of the people would propel the economy of the country.”
The former Minister of Works opined that Nigeria is lucky to have eminent personalities among the cabinet whom have been doing research for a long time, but his concern is that they have not shown signs of propelling the country to greatness.
“We are in trouble as a nation. The dollar rate is overwhelming us and nothing is being done about it,” he said.
He advocated that the country should patronise Nigerian expatriates in all field of works.
“When I was the Minister of Work, we bought equipment so that Nigerian engineers would team up with the Ministry of Works.
“We are a country that is being led wrongly, we must go back to our people and I believe they can do it.
“As long as we are complacent as a nation – we don’t care for our people, we don’t do research as well as invest in our engineers, then we are a nation that would be lost,” he maintained.
