Worried by the terrible state of the Nigeria’s economy, a former governor of Cross River State, Mr. Clement Ebri, wants President Muhammadu Buhari to immediately declare a state of economic emergency on the country.
Ebri, who was governor of Cross River State from 1991 to 1993, said the proposed economic emergency, which should be backed by a law passed by the National Assembly, should give the president sweeping powers to deal with the current economic depression Nigeria is experiencing.
He told journalists on Monday in Calabar that Nigeria’s economy is facing an abnormal situation, and therefore requires abnormal solution.
“The situation we are in demands very drastic measures, the President should declare a state of economic emergency on the nation, and strengthen it with a bill which should be passed into law by the National Assembly.
“We are not in ordinary times, the Naira is losing its value on a daily basis and the nation’s economy is obviously in very bad shape. An economic emergency will give the president some sweeping powers to deal swiftly with the situation, thereby avoiding unnecessary encumbrances and bottlenecks that have constituted stumbling blocks towards the honest efforts of the President at addressing the nation’s economy problems,” Ebri said.