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| Professor Kingsley Moghalu |
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The erstwhile Deputy Governor of the
Central Bank of Nigeria made the observation while presenting a paper at a
one-day programme organised by a Kano-based NGO, Ra’ayi Initiative for Human Development (RIHD) in Kano on Sunday.
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The celebrated professor, while
speaking on ‘Northern Nigeria’s
Prosperity in the 21st Century: The Imperative of Social and Economic
Transformation,’ emphasized the necessity of the government to take
proactive measures through the implementation of various intervention
programmes meant for enhancing living conditions of the common people. In his
own words, “Ninety two million Nigerians are living in
extreme poverty out of which 67 per cent of the number is in the north.”
He also identified many other reasons responsible
for the socio-economic challenges bothering the country. According to him, the startling
growth in the number of out-of-school children as well as the Almajiri system
must be addressed to repeal the repulsive development for the improvement of
the region and the country.
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Professor Moghalu, who is an economic
wordsmith, elucidated the importance of giving primary consideration to human
development to improve the living standard of Nigerians and called on the
government to address the lingering security challenges for the social and
economic growth and development in the country.
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