Close Menu
PRIMA NEWSPRIMA NEWS
    What's Hot

    DR Congo Ebola outbreak: Nurses discharged after full recovery

    June 2, 2026

    Why ‘Ebola’ Should Always Begin With a Capital Letter

    June 2, 2026

    Audiophile-Oriented Noble Audio Debuts More Affordable Osprey Earbuds

    June 2, 2026
    Facebook X (Twitter) Instagram
    PRIMA NEWSPRIMA NEWS
    Facebook X (Twitter) Instagram
    Subscribe
    • Home
    • News
      • Politics
        • Politics
        • World Politics
      • World News
        • Africa
        • Asia Pacific
        • Europe & UK
        • Middle East
      • Economy
        • Business
      • Technology
      • Metro
      • Sports
      • Entertainment
    • Prima TV
    • Prima Gallery
    • Entertainment
    • Contact
    • About Us
    PRIMA NEWSPRIMA NEWS
    Home»Politics»Nigeria’s economy fractured by 66 years of blind policy, not only corruption – Orji Kalu​
    Politics

    Nigeria’s economy fractured by 66 years of blind policy, not only corruption – Orji Kalu​

    Prima NewsBy Prima NewsJune 2, 2026No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Senator Orji Uzor Kalu has declared that the historical narrative blaming corruption alone for the collapse of the Nigerian economy is a fundamentally dangerous myth.

    In a detailed assessment that has sent shockwaves through political circles, the former Governor of Abia State warned that a 66-year legacy of collective, short-sighted decisions by successive leaders has done far more serious structural damage than the simple theft of public funds.

    The influential lawmaker, who currently represents Abia North in the Senate, hit out at decades of economic mismanagement, declaring that Nigeria has been brought to its knees by its own policy choices rather than a single administration or individual mistake.

    ​In a blunt intervention, Senator Kalu claimed that corruption has long served as a convenient smoke screen for policymakers, hiding a systemic failure to diversify the national economy.

    He revealed how successive military and civilian governments became dangerously addicted to easy oil revenues, deliberately abandoning the nation’s once-vibrant agriculture, manufacturing, and technology sectors.

    According to the Senator, leadership cohorts repeatedly chose the path of least resistance. “When global oil markets inevitably crashed, the hidden structural rot was exposed, leaving local industries crippled and the naira highly vulnerable,” he said.

    “Instead of building a diversified economy capable of withstanding global shocks, the nation relied excessively on a single source of income,” Kalu stated, adding that “when oil prices fell, the weaknesses in the economy became painfully obvious.”

    ​The Abia North Senator refused to spare any faction of the political establishment, insisting that responsibility for the current malaise is shared across generations of leaders, public institutions, and a broader culture that prioritises immediate consumption over long-term production.

    “Successive governments, political leaders, institutions and even citizens have all contributed in different ways to the economic realities we face today,” Kalu observed.

    He identified several catastrophic pillars of failure that have undermined the country since independence, asserting that “poor investment in education, inadequate infrastructure, inconsistent economic policies, weak support for local industries, excessive import dependence and a culture of consumption over production have all played significant roles.”

    ​The lawmaker lamented that many vital conversations have been deliberately avoided by the political class and the public alike.

    “We rarely discuss how policy inconsistency discourages investors, how poor maintenance culture drains public resources, or how ethnic and political divisions sometimes take precedence over competence and national interest,” Kalu declared, warning that these issues have accumulated over decades, creating challenges that cannot be solved overnight.

    The Senator emphasised that “the truth is that economies are built or broken by the decisions made consistently over time,” and added that “Nigeria’s current situation is not the result of one administration, one generation, or one mistake. It is the outcome of countless decisions made across many decades, some of which were driven by personal interests rather than national priorities.”

    Confronting the grim realities head-on, the veteran politician insisted that his intervention was not designed to assign blame, but to demand immediate structural survival.

    “Recognising this reality is not about assigning blame,” Kalu maintained, “it is about learning from the past so that better choices can be made for the future.” He called on the political class to embrace absolute honesty and strategic foresight, declaring that “economic transformation requires honesty, accountability, strategic planning, and a commitment to policies that promote productivity, innovation and sustainable growth.”

    Despite his scathing assessment, Senator Kalu concluded with an appeal for hope, reminding citizens that the country retains its core developmental potential.

    “Nigeria remains a nation blessed with immense human and natural resources,” Kalu stressed.

    In a final rallying cry to the nation, the Senator insisted that “the same collective power that contributed to past mistakes can also be used to create a better future,” noting that “the first step toward meaningful progress is having honest conversations about the decisions that brought us here and the actions needed to move the country forward to confront the past.”

    The post Nigeria’s economy fractured by 66 years of blind policy, not only corruption – Orji Kalu​ appeared first on Vanguard News.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Prima News
    • Website

    Related Posts

    LP Unveils Female Deputy Governorship Candidate in Benue

    June 2, 2026

    Nigeria-US intelligence-led strike kills 21 ISWAP fighters in Borno, disrupts terror network

    June 1, 2026

    In support of supply-side policies, By Uddin Ifeanyi

    June 1, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Trending

    DR Congo Ebola outbreak: Nurses discharged after full recovery

    By Prima NewsJune 2, 2026

    “More recoveries are expected, especially when people are diagnosed early and able to…

    Why ‘Ebola’ Should Always Begin With a Capital Letter

    By Prima NewsJune 2, 2026

    Ebola scare has again resurfaced globally. Our prayer is that it will…

    Audiophile-Oriented Noble Audio Debuts More Affordable Osprey Earbuds

    By Prima NewsJune 2, 2026

    You may not have heard of UK-based Noble Audio, but it makes…

    Latest News

    DR Congo Ebola outbreak: Nurses discharged after full recovery

    By Prima NewsJune 2, 2026

    “More recoveries are expected, especially when people are diagnosed early and able to access care, and…

    Why ‘Ebola’ Should Always Begin With a Capital Letter

    June 2, 2026

    Audiophile-Oriented Noble Audio Debuts More Affordable Osprey Earbuds

    June 2, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest news from PRIMA NEWS about politics, art, design and business.

    © 2026 PRIMA NEWS (ISSN: 2251-1237)
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.