2023: Why Nigeria needs leaders who understand economics –Utomi

April 12, 2022

1.9 min readCategories: News

A Nigerian professor of political economy and management expert, Prof. Patrick Utomi, on Tuesday, said that Nigeria needs leaders who understand economics and how economies work to double output in production.


Utomi made said this in an interview with the News Agency of Nigeria in Lagos State.

He said that unemployment and poverty, among others, need leaders who have an understanding of economics to tackle.

“We live in the age of knowledge capital and knowledge is more valuable than any mineral resources.The struggle over these resources is distracting Nigeria from focusing on what matters with production.


“No country has become wealthy from revenues, countries become wealthy from production,” the professor said

He said that Nigeria needs leaders with a clear strategy on how to get the country to begin to produce, suggesting that this could be done by focusing development on the endowment available.

Some parts of Nigeria have sesame seeds, some have cocoa, and some have crude among many other natural endowments.

“What to do is to take a certain number of this, each to every region and create clusters of industrial parks around those places,” the professor said.Utomi, who recently met with the Presidential aspirant of the Peoples Republic Party (PRP), Ms Patience Key, said he was not averse to a woman being the next president of Nigeria.


“Gender is just prejudice; we are all equally talented so anybody can make a difference.


“In Scandinavian countries such as Denmark and Finland, the cabinets are more than 50 per cent women under 40, including the prime minister, are doing well.


“So, I have all the confidence in the world that women can make a difference if allowed to rule,” he said.

Meanwhile, Ms Patience Key said that Nigeria needs to be peaceful and free of insecurities if the country is to witness development and growth.

The former chairperson of the Nigerians in Diaspora Organisation said her three-point agenda is interwoven and would work together toward creating the desired stability, peace and wealth in the country.

“One of them focuses on building peace in Nigeria, the second focuses on building equitable relationships in the communities and the third is on wealth creation for Nigerians,” Key said.



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