What must be done to restructure the Nigerian economy?
There is a bank that is set up to attend to Small Scale/Medium Scale industries at the moment. But whether or not people have been able to access the funds made available for this purpose is another issue entirely; perhaps, members of the public don’t know where to go, or how to get there. The fact that an industry can be doing so well and then gradually gets crushed out of existence is a great problem for us in this country. Today, the industrial sector is in a dismal way. At the confab, we stressed the necessity for a body to look into abandoned projects, and the many state owned and private industries that have folded up – for example, car assembly plants are quietly folding up, and we are heavily importing cars! We also have to rely on importation for virtually all our industrial needs. Some motorcycle plants have simply folded up; yet just imagine the number of motorcycles – Okada — being used for transportation in the country today. The level of infrastructure decay carries nega
