Nigeria: Banking Reforms Won't Save Economy, Says Ihonvbere

5 October 2009

Benin — FORMER Presidential aide and chieftain of the Peoples Democratic Party (PDP) in Edo state, Professor Julius Ihonbvere, weekend declared that the nation's economy would continue to suffer irrespective of the on-going reforms in the banking sector, unless there is good governance anchored on constitutionalism and positive leadership.

Ihonvbere, who stated this while reviewing the 49 years of the nation's independence, during a lecture at the Church of God Mission International, Faith Arena, Benin City, explained that the deliverables of such an economic environment would involve a steady and systematic process of structural change or transformation that moves the people towards meeting their basic needs.

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