Ekweremadu blames economic crisis on wrong federal structure

The deputy president of the senate, Ike Ekweremadu has blamed the country's economic woes on wrong federal structure, which he said has predisposed the country to wealth sharing, indolence and poor governance since the fall of the First Republic. He made it clear that restructuring the country remained the only solution to the country's woes, as it would promote wealth creation, productivity, good governance and national development.

The deputy senate president made the assertion at the investiture of Dr. Omede Idris as the 15th president of the Association of Professional Bodies of Nigeria [APBN], in Abuja on Thursday night. Ekweremadu who said the investiture ceremony came at the most crucial time in the country's recent history, regretted that te country's economy easily lapsed into recession, while the nation continued to lament over the fall in oil price in a knowledge driven global economy.  He therefore expressed worries that the calls and attempts to re-engineer the the nation's federalism through restructuring and injection of fiscal federalism had always been unheeded and unsuccessful.