Business Tony Elumelu Blames 'Lazy Lawmakers' for Nigeria's Current Economic Woes

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Tony Elumelu, Chairman of the Tony Elumelu Foundation, has stated that the non-review of obsolete laws by the National Assembly was largely responsible for current economic challenges in the country.

According to Elumelu, the review of laws fundamental to the survival of Micro, Small and Medium Enterprises (MSMEs) would go a long way in creating job opportunities for the teeming unemployed Nigerians.

"Instead of addressing the symptoms, let us address the fundamentals. Let us hold our National Assembly members accountable; let us knock on their door.

“They must sit down and pass bills; we need them to pass one bill per week. Nigeria as a country has seen difficult situations, so difficult times call for difficult reaction.

“We cannot afford to meet one hour a day and adjourn; we should sit down and pass bills,’’ he said.

“During the financial crises in America, lawmakers sat on Saturday and Sunday; we should do same.

“You can imagine what this country will become if we have these proper laws in place, we will not be thinking of oil again,” Elumelu added.
 

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