Bismarck Rewane, a financial expert and Managing Director/Chief Executive Officer of Financial Derivatives Company Limited in Lagos, has actually prompted President Bola Ahmed Tinubu to inform Nigerians the reality and do something fast to conserve the country’s economy, stating the scenario is not looking great.
Rewane specified this throughout an interview on Channels Politics Today.
He stated that there is no fast repair option to Nigeria’s financial obstacles.
He stated that what the president required to do at the minute was to obstruct the leaks and search for proficiency instead of commitment.
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Rewane stated, “You need to be truthful to yourself. There is no fast repair to Nigeria’s financial issue. Come tidy to the Nigerian individuals and inform them that this is the level of the issue. We did it after the civil war. Chief Awolowo came and stated what to do. At the end, whatever was restored and the economy returned to where it was expected to be.
“So come tidy; obstruct the leaks; and search for proficiency. Proficiency is more vital at this time than commitment. Search for skills and ensure that you perform effectively.
“Any option that needs printing more cash is not the remedy for inflation. Inflation is the start of completion of a currency and completion of a currency is the start of political crises.
“The circumstance is not looking excellent. You (Tinubu) need to do something and do it in a rush. And make certain you get feedback so that you are keeping track of the circumstance since the feedback you get might be incorrect. You might believe you are on the ideal course, while you are on the incorrect course. Sincere and expert feedback regarding what the fact is. Without the fact you can not set individuals totally free.”