Political economist Pat Utomi has criticized the Federal Government's economic priorities, stating that a significant portion of national resources is being allocated to non-productive areas, particularly benefiting the political class, rather than enhancing production.
During an appearance on Channels Television's Politics Today this past Friday, Utomi stated that the Federal Government’s emphasis on revenue generation is harming rather than aiding the economy.
He stated, "Many non-productive sectors—such as the political class—and we need to ensure that available resources are directed primarily towards boosting food production and then enhancing the value chain associated with agricultural factor endowments."
He claimed that increasing inflation and limited currency stability have not led to improved living conditions for Nigerians.
He criticized the claims of economic recovery by saying, "Going from hell to purgatory – does that mean you've been saved from damnation?"
Utomi emphasized that progress should be assessed based on job creation and the accessibility of essential needs.
"Food is fundamental. When access to food is compromised, any situation can arise," he stated, urging for investment in agriculture, education, and healthcare.
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