Prof. Kingsley Moghalu, a presidential candidate for the Young Progressives Party (YPP) in the 2019 presidential election, has expressed concern about the nation’s reliance on oil as a major source of revenue generation.
Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), said that oil belonged to ”the distant age; the world today is of technology, innovation and science”.
He recommended technology and innovation as alternatives, citing the examples of developed countries.
According to him, the country needs government that will give youths a sense of purpose and employment to achieve their destinies.
“In the future, we don’t have to continue the political system the way it has always been,” Moghalu said