Renowned economist Prof. Pat Utomi has described Nigeria as a “failure,” attributing the nation’s decline to a lack of alternative thinking and the capture of both the legislature and judiciary. In a recent interview, he expressed deep concerns about the current political and economic conditions in Nigeria.
Utomi criticized the National Assembly, stating it is the “worst thing that has happened to the country.” He argued that it has failed to create a platform for meaningful debates that could help address Nigeria’s pressing problems. According to him, the political class is more focused on their self-interests rather than the common good.
“Right now, Nigeria is a failure; democracy is not functioning. Anyone who does not see this is fooling themselves. We have total control over the judiciary and legislature, which leads to a lack of alternative thinking in the country,” Utomi stated.
He suggested that in times of crisis, like the one Nigeria currently faces, the country should adopt a “war cabinet” approach, where leaders and citizens work together to solve problems. Instead, Utomi noted that leaders continue to live lavishly, asking ordinary Nigerians to make sacrifices without leading by example.
He highlighted the leadership style of former President Olusegun Obasanjo during the oil crisis in the late 1970s, recalling how Obasanjo reduced personal expenses and travel. In contrast, he accused today’s political leaders of misusing public resources.
“Anyone watching how those in power spend public funds cannot seriously believe that this is a time for sacrifice. The problem starts with them. There’s a significant lack of political commitment,” he said.
Regarding Nigeria’s economic troubles, Utomi emphasized the need for political leaders to recognize that the country is in a crisis comparable to a war. He stressed that political will and a united approach are essential for turning things around, warning against politicians hoarding money for future elections.
He also addressed Nigeria’s reliance on the International Monetary Fund (IMF) and World Bank policies, suggesting that while these institutions provide templates, it is the local political class’s responsibility to evaluate and adapt them to fit Nigeria’s specific needs.
“IMF can provide a template, but the outcome depends on how local leaders navigate the right path for growth and development in their country,” he explained.
Utomi lamented that Nigeria’s failure stems from the political class’s lack of patriotism, ignorance, or self-centeredness, which prevents them from thinking about the common good.
“This is where Nigeria has become a tragic failure. The political class, particularly the legal elite, have not acted as patriots due to ignorance or a pathological focus on self-interest,” Utomi concluded.
In summary, Prof. Pat Utomi’s criticisms highlight the urgent need for a change in Nigeria’s political and economic landscape. A united effort among leaders and citizens is crucial for overcoming the challenges the country faces today.
