Economic restructuring has been identified as the kind of solution that could solve the problems plaguing the country at the moment.
Femi Aborisade, a human right lawyer, stated this in Lagos on Thursday in an interview during the public presentation of a book titled; ‘Liberty and Revolution: A Renaissance Power and Politics,’ a book put together to reflect on the eight years of Rauf Aregbesole, Governor of the state of Osun State.
He said that by economic restructuring, he mean taking back the enterprises that had been looted and shared among few individuals back to public ownership and for them to be transparently managed.
He said that restructuring means different things to different people, stating that as far as he was concern, even if restructuring other than economic restructuring was carried out today, the problem plaguing Nigeria would not disappear.
He said that the National Assembly, the Senate in particular, has carried out a study of all privatisations that took place in Nigeria between 1999 and 2011 and that their verdict is that all the past privatisations were fraudulently done.
“The restructuring that we need is a situation in which all the privatized enterprises in Nigeria would be taken back and become state and government owned. That is the kind of restructuring that I think will solve the problem plaguing Nigeria,” he said.
Aborishade said that the central problem plaguing Nigeria was using the wealth of society to satisfy the basic needs of people, rather than using the wealth of the society for satisfying the greed of the rulers.
“That is the problem; if we are able to utilise the resources of Nigeria to provide free education at all levels, to establish factories, economic enterprises, to absolve the unemployed youths.”