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“The economy is bad. It is obvious” Wole Soyinka asks Buhari to Hold Emergency Economic Conference



Wole Soyinka - July 2014 - 01According to Vanguard, Nobel Prize Winner Wole Soyinka asked President Muhammadu Buhari “to convene an emergency economic conference for experts to brainstorm on the way forward and future of the economy.”

On why he called for the conference, he said,

“I agree with those who say the economy is bad. It is obvious and it is so bad. I think the Presidency should call an emergency economic conference where experts will be enlightened.

“We really need an emergency economic conference, bringing experts together to march the nation forward. I think the economy is not encouraging. Quite frankly, I think most economists will agree with this.”

He also asked Nigerians to be patient,

“Don’t wait to see a bonanza economy in the next few months to a year. Recovery is going to take time. But at the same time, we have to rely on the objective analysis of experts to tell the government when it gets bad, which might compound the problem and ultimately left the people as victims.

“Government, for me, is a very complicated matter and there is a lot of debris to be cleared. Maybe, we need to be a little bit more patient to see what the administration will do.”

Source: Vanguard


  1. mr man

    February 19, 2016 at 10:49 am

    The economy is bad. People are taking advantage or forced to adjust. Bag of Pure water is now 150 Naira in some places yet salary hasn’t increased o. Problem i have with Buhari and his team is that they are not communicating to Nigerians on the situation and what they are doing to address it. Even if you are not doing anything to address it, it is better to tell Nigerians you are not doing anything rather than keep quiet. In the absence of communication, speculation would thrive.

    • jade

      February 19, 2016 at 5:11 pm

      @Mr man

      Buhari is clueless about the economy. Hes very confused and incompetent. Unfortunately, his win is more of worse option to worst not bcos he’s competent who knows what hes doing. Major problems in Nigeria is more than going after “corrupt officials”, which is needed but critical issues are not addressed properly. Typical hausa-Fulani men are not that enlightened to tackle and handle global economy. Outside their cattle, cow they are very lazy, illiterate, limited and not that intelligent. All hes been doing is world tour yet nobody is asking what his plan is and purpose for so much abroad visit neither is he communicating with Nigerians.

  2. Iphee

    February 19, 2016 at 11:21 am

    When was the last time a Federal Executive Council Meeting was held to talk more of an Economic summit.???
    Truth is we need a “seasoned” Economic/ Finance Minister ( sorry Ms Kemi Adeosun but Nigeria is too complex for a novice) A Soludo or if PMB wants to go with 97% vs 5% recall SLS from Emirship. Otherwise we are heading for doom

  3. kilipot

    February 19, 2016 at 11:26 am

    “Where experts will be enlightened” or How experts will enlighten them. Asides the fight against corruption( of which no one has been convicted yet) , either PMB is really slow( a case of being slow and steady- Im beginning to doubt the steadiness ) or also clueless.
    My take is that while it is okay to fight corruption that shouldn’t be all there is to offer. There should be a balance, we cant spend all of 4 years fighting corruption and he really needs to know.

    • Bus

      February 19, 2016 at 11:54 am

      To me I don’t think PMB is bothered or may be he doesn’t show it. Even his body language isn’t good for ther economy. This country tire person.

      Everyone is shousing “patronise made in naija”. Question is what is really made in naija? Even the little isn’t enough for the population. Hence the need to import.

      Producting in Nigeria is quite expensive. Power, transportation….. hmm

  4. whocares

    February 19, 2016 at 12:17 pm

    Its funny, for a while Nigeria was one of the so-called “MINT” countries and the idea posited was that Nigeria as well as the other earmarked countries have all the resources (well enough anyways) to prosper and become a power house if they get their act together… The Nigerian economy is like that spoilt rich kid who has everything as its disposal- the money, power and even talent to better itself but chooses to be a general nuisance without focus. In our case the corruption has eaten so deep we cannot see any change overnight and not even in 5 years. Now, we will probably ask the IMF for help or join some silly “global development scheme” and ask for loan. These “schemes” and loans are the very devil themselves. The developmental plans are usually crafted by Caucasian economists who have no idea how the Nigerian economy truly works and will expect their one size fits all hypothesis to work and they are usually a condition for the loan to be granted.. I cant even think of any way forward because the brilliant people in Nigeria will probably not be given the chance to rise to a position they can effect change and so we still retain these dumbasses who cannot calculate their way out of a maze as our leaders.

  5. Fasholaslover

    February 19, 2016 at 12:36 pm

    When your boo gat a boo. Maybe the dullard and his group of old brigade will listen now that fellow member aggressive peoples congress Soyinka has spoken. Lets see Liar Mohammed refute this. When Ben Bruce said the same thing, he was villified. Some people on this blog be defending the indefensible as if they go to a different market from ordinary Nigerians even when we know that they are suffering and smiling

    • Khadijah

      February 19, 2016 at 9:14 pm

      As in Soyinka is no longer faithful niyen o. When your boo get aboo. Let us hope more APC people will be honest for once. Association of past criminals.

  6. nnenne

    February 19, 2016 at 2:25 pm

    Thanks Professor Soyinka for calling a spade a spade.
    Acknowledging that one has a problem is the stepping point to solving it.
    Economic problems are not fixed by hiring media experts and propaganda!

  7. FinchleysFinest

    February 19, 2016 at 3:46 pm

    C H A N G E

  8. MYOB

    February 19, 2016 at 5:34 pm

    I dont even have a problem with fighing corruption my own is the economy should not be neglected

  9. ElessarisElendil

    February 20, 2016 at 12:43 am

    Soyinka’s solution is to call a conference of economic experts?????Economists can’t even agree about themselves about what’s causing the crisis. The fact of the matter is the rest of the world is dragging us down, no hand wave can fix that, maybe next time we’ll try not being a one commodity economy.

  10. Oluwaseun

    February 20, 2016 at 11:42 am

    As much as i respect his opinion i feel calling an economic summit will just be another excuse to waste resources. I believe we Nigerians are extremely intelligent and versatile hence there should be an open call for economists all around the country to brainstorm and come up with ideas on how to fix whatever is wrong with our economy, they don’t to necessarily sit down and waste time and money. But hey what do i know right? *Shrugs*

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