Chief Okoi Obono-Obla Urges Focus on Local Production and Patronage Amidst Economic Hardship
Chief Okoi Obono-Obla, a former presidential adviser, advocates for a deliberate push towards promoting the manufacturing and consumption of locally made goods in Nigeria, stressing the importance of exporting these goods to earn foreign exchange.
In an exclusive interview with DAILY POST, Obono-Obla addresses the prevalent hyperinflation and hardship in the country, attributing it to the undue dominance of the dollar over the naira.
The chieftain of the All Progressives Congress (APC) warns against pegging the exchange rate of the naira solely to international currency, emphasizing the need to strengthen the national currency through concerted efforts.
Highlighting the over-reliance on crude oil exports as the primary source of foreign exchange earnings, Obono-Obla underscores the volatility of the international oil market and advocates for diversification strategies to mitigate economic risks.
In addressing wanton killings and insecurity, the activist lawyer points to corruption and institutionalized lawlessness as key drivers of the escalating crisis. He criticizes the elite class for flouting laws and perpetuating disorder, leading to a culture of impunity and a lack of consequences for criminal behavior.
Obono-Obla calls for a paradigm shift towards upholding the rule of law and fostering accountability among the governing elite to restore order and security in the nation.
