Dr Chima Amadi, the chairman of the Board of Trustees (BOT) of the Centre for Transparency Advocacy, has said that Nigeria can not rely on economic policies from the International Monetary Fund (IMF) and the World Bank to revive the economy.
He also said the policies and recommendations of the two international financial institutions may not be potent to raise 200 million Nigerians out of poverty.
He asked the country to look beyond ideas being imposed by developed countries.
He was of the opinion that developing countries should have the free will to choose policies that best suit their conditions.
The University don made the submissions at the 4th National Colloquium in Sokoto, on Saturday.
His words, “With a gross domestic product of about $45billion in 2001 and per capita income of about $300 a year, Nigeria has become one of the poorest countries in the world. As at 2000, it had earned about $300bn from oil exports since the mid-1970s, but its per capita income was 20 per cent lower than in 1975.”
