The Federal Government has been scored low on economic growth as acute shortage of electricity supply continues to pose a major challenge to the survival of many businesses.
The Lord Bishop of Ife Diocese, Church of Nigeria (Anglican Communion), Rt. Rev. Oluranti Odubogun, in a statement on the state of the nation.
He said the increase in Gross Domestic Product of the nation had yet to be accompanied by a corresponding improvement in the socio-economic lifestyle of the ordinary Nigerians.
The Anglican leader, who stated this while announcing the 2nd session of the eighth Synod of the Diocese of Ife, said although the government had “beautiful plans and policies” to transform the economy, the implementation had always been a problem.
He said, “The claim by the Federal Government that there is improvement in the GDP is not the same with the reality on ground. The country’s economy is being mismanaged by those who have been appointed to be in charge.”
Odubogun lamented the daily acute supply of electricity in the country, saying the huge amount of money successive governments had spent to revamp the infrastructure could not be justified.
He said, “Our economy remains in the doldrums because of the way we implement our plans; in spite of huge sums of money we earn from oil, not much has been achieved in the pursuit of revamping our economy.
The revamping of the economy remains on paper.
“Figures don’t justify it. There are ways through which you can present figures to depict what you want to depict. That is why you don’t find that there is a generality of response and feeling of improvement because you can’t hide what is true.”
Odubogun advised the government to provide conducive operational environment for new buyers of the unbundled Power Holding Company of Nigeria, noting that economic development was strongly link with uninterrupted electricity generation and supply.
The government, he said, should hands off the running of the economy by allowing private sectors to invest and run the various aspects of the economy while it plays the role of an umpire.
He, however, assured that the Christian community was praying for the country, especially at the church’s eighth Synod programme due to hold next week.Poor electricity supply, bane of growth – Cleric by ngcareers