Exclusion As Buhari's Economic Adviser: Pat Utomi Blows Hot, Dumps Osinbajo, APC

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The exclusion of a well known Nigerian Economic Expert and President of the Lagos Business School, Pat Utomi, from President Muhammadu Buhari’s Economic Team, seems to have sparked outraged from the economic class.

Utomi, who took to the media in an exclusive interview with Punch, said he is tired of President Buhari.

When asked what the President should do at a time the economy is collapsing in our very own eyes, he said, ‎”I don’t know what he should do. I have given up on advising people.

“‎I just want to become a farmer, and see if I can produce something,” Utomi said.

According to political analysts, the statement from Utomi, seems to be coming from a man that has been frustrated, despite his numerous contributions to the nation.

‎It could be recalled, that the National Chairman of the Unity Party of Nigeria, UPN, Dr. Frederick Fasehun, had on May 23, ‎called on President Buhari, to immediately constitute an Economic Team, which should consist of ‎former Secretary to the Government of the Federation, Chief Olu Falae, former Governor of Central Bank, Chukwuma Soludo, and Professor Pat Utomi.
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‎Utomi, speaking further said, “First of all, I think there is too much emphasis on form, rather than content in our context as a people.

“I think what is always important, is our ability to work together as a people, to change the society.

“There are different roles we can play as a people and it doesn’t matter when other people tend to criticise you, as long as the right things are done.

“I was very uncomfortable with the whole rush of speculations leading up to that whole thing.

“What we wanted to do was change the direction of our country.

“We saw our country going in a set of wrong direction.

“Many of us said, ‘No, we can’t continue like this. This has great consequences.’ So we made our time, energy, and every other thing available for the push.

“However, the only thing I can say, is that the party (All Progressives Congress) did a terrible job at transition.

“They didn’t manage it well. Now we don’t see where the country is going; this is very obvious to me.

“But it is not a matter of who is where or not; that is not important”.
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‎Giving his own thought on recession, he said, “A recession is an opportunity.‎

“My favourite example always is rubber. Why would you manufacture a car in Nigeria, where you won’t be competitive? Take rubber for example, where Nigeria once had the best yield per hectare.

“This was a presentation I made at the Nigeria Economic Summit in 1993. Take the rubber and become its best producer in the world and export it, knowing that it is one of the most important components of manufacturing a car.

“We will probably be making more money from it, than from crude oil,” Utomi said.

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