Pat Utomi asserts FG channelling resources to non-productive sectors

 

Political economist, Prof. Pat Utomi has criticised the Federal Government’s economic priorities, insisting that most national resources are being directed to non-productive sectors, especially the political class, instead of boosting production.

Speaking on Channels Television’s Politics Today on Friday, Prof. Utomi affirmed that the Federal Government’s focus on revenue generation is hurting the economy rather than helping it.

Prof. Utomi said “Most non-productive sectors, the political class, for example, and we need to get the resources that are available to go directly into ramping up food first of all, and then the value chain from those factor endowments around agriculture.”

He contended that rising inflation and marginal currency stability have not translated into better living conditions for Nigerians.

“If you are from hell to purgatory, have you been saved from damnation?” he said, condemning claims that the economy is recovering.

Prof. Utomi maintained that progress must be measured by job creation and the affordability of basic needs.

He called for investment in agriculture, education, and healthcare, adding that “Food is the ultimate. When people can’t eat, anything can happen.”