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| Rasheed Gbadamosi |
Mr. Rasheed Abiodun Gbadamosi is an economist. His credentials include being minister, National Planning, Chairman, National Committee on Industrial Development for the Industrial Master Plan project, Chairman, Petroleum Products Pricing Regulatory Agency (PPPRA), Chairman, Governing Council, Nigerian Institute of Social and Economic Research (NISER) and member, Nigeria’s External Debt Rescheduling team.
He speaks, in this interview, on the state of the economy in the last 14 years, the initiative by the Central Bank of Nigeria (CBN) to make cashless monetary policy a universal phenomenon, privatisation of Power Holding Company of Nigeria (PHCN) and the need for government to harness the potentials in agriculture. Excerpts:
Nigeria has just celebrated 14 years of uninterrupted democracy. How has democracy impacted on the economy?
To start with, I do not like this exultation about democracy. It does not mean that if we do not have democracy we won’t have relative prosperity. Economic indices were positive even in non-democratic governments.
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