Recovered Loot: Nigerians Want To Know How Much Has Been Recovered - Ogiewonyi


Former Minister of State for Works, Engr. Chris Ogiemwonyi, has charged the Federal Government to give Nigerians an update on the amount of looted funds it has recovered and what it has utilised the money for.

He made charge while delivering a lecture to mark the 42nd Founders' Day Lecture of the University of Benin (UNIBEN).
Engr. Ogiemwonyi, an alumnus of the institution where he graduated over 42 years ago, said that the disclosure has  become sacrosanct in the light of the present recession that the country is going through.
Delivering the lecture entitled "Hard Times for These Times: The Think Factory Guide To Action", Ogiemwonyi averred that recession in the country, among others, was caused by poor leadership; oil price drop; over dependence on foreign products; corruption; unstable monetary policies and unemployment.
He advised that strategies to be adopted in order to triumph over the hard times should include conflict resolution; scrapping of black market BDC and import ban list and reduction of security vote.
Engr. Ogiemwonyi support the acquisition of $30billion loan but advised that it must be tied to specific projects.
On the role of higher institutions in ameliorating the problem of recession, Ogiemwonyi asserted that they should establish consulting units to be managed by outstanding professors cum professionals.
"Universities/Polytechnics should aspire to changing lives through the opportunities that they provide and the knowledge they produce," Engr. Ogiemwonyi posited.

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