THE Action Congress of Nigeria (ACN) has raised an alarm that the nation’s economy may collapse unless the Federal Government cuts the “astronomical cost of running a bloated government and takes urgent measures to diversify the economy and shore up the production of oil which remains the mainstay of the economy.”
The party, in a statement issued in Lagos Sunday by its National Publicity Secretary, Alhaji Lai Mohammed, warned that if the listed measures are not taken, the government may not be able to pay its bills, including workers’ salaries, in the next few years.
‘’Contrary to what the Federal Government may say, this warning is not about crying wolf but is actually borne out of a patriotic fervour devoid of politicking, which is the usual refrain of this government when alerted to its shortcomings. We will like to be proven wrong, but this will depend on uncommon and monumental effort, rather than on the basis of the usual canned response from the government,’’ the party said.
