Join BRICS, Nigeria has no business with poverty — Falana tells FG.
Falana made the call while delivering the keynote address at the […] The post Join BRICS, Nigeria has no business with poverty — Falana tells FG appeared first on Vanguard News .
…Urges government to prioritise local refining, alternative economic policies By Favour Ulebor, Abuja A Senior Advocate of Nigeria, Femi Falana, has urged the Federal Government to join the BRICS economic bloc and adopt alternative economic policies, declaring that Nigeria has no business with poverty.
The human rights lawyer urged the government to reduce Nigeria’s dependence on imported petroleum products by strengthening domestic refining capacity and pursuing economic policies that promote local production and improve citizens’ welfare.
He questioned why Nigeria, despite being a major crude oil-producing country, continued to rely on imported petroleum products to meet domestic consumption needs. Falana also called on the government to explore opportunities offered by BRICS, describing the economic bloc as an organisation established to challenge the dominance of the United States dollar and promote trade among member countries using their respective currencies. He argued that Nigeria needed to reconsider its dependence on economic policies promoted by the Bretton Woods institutions, including the International Monetary Fund and the World Bank. He said, “Even within the bourgeois paradigm, within the bourgeois framework, consider some of them, including refining crude oil for domestic consumption in Nigeria.
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