Osun Governor, Rauf Aregbesola has said Nigeria is far from development because its economy was built on a very weak production arrangement.
In a statement made available to Journalists by his Media Aide, Sola Fasure, the governor said this had made Nigerians to become lazy, especially after the nation’s independence.
He noted that Nigerians now lived on rents from oil, which was discovered in commercial quantity shortly before it became an independent state.
“Our nation today is built on a very weak production arrangement. We all live on rent from oil, especially post-independence Nigeria that is run on commission from oil, whereas our nation from the colonial period before the Military interregnum was run on the productivity of our people.
“Until we are back to production and productivity, we will just be emotional, sentimental and rhetorical in our analysis on how to escape the worrisome situation we are in now.
“Though oil revenue will help to jump – start the process, but it can’t be the financial basis for our economic development.
“A nation that cannot produce what it consumes is doomed. Therefore, we must see productivity as panacea for our socio-economic challenges.
“Exploitation defines our economic relationship in Nigeria. For instance, the Boko Haram phenomenon . The Boko Haram insurgency is absolutely economic.”