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Former House of Representatives Speaker Dimeji Bankole yesterday said any economic reform to transform a nation can’t be designed and executed by a government in four years.
Bankole said it would take at least seven years for an economic reform or policy to yield returns, and submitted that President Muhammadu Buhari needs time to fix the ailing economy.
The ex-Speaker spoke on Sunday evening in Ijebu-Ode, Ogun State, while delivering the fifth anniversary lecture of the Ijebu News Xtra magazine.
He added that the President is “doing a thankless job” to fix Nigeria.
The magazine, published by a celebrity reporter, Dayo Rufai, had, as its anniversary lecture: “Ogun State: Stimulating Youth Enterpreneurship Potential in a Recession.”
Bankole noted that the answer to recession is not in any textbook but in the willingness of Nigerians to make the right “sacrifices today for a better tomorrow”.
“I feel sorry for President Buhari. He can’t solve the problem in four years. He needs a second term. No economic reform or policy can be formulated and implemented to produce the expected results within four years, it will take at least seven years.

“He is doing a thankless job, now like the teachers. No magic or miracle about this, we have to do the work and the government needs support. It is a long distance race.
“The question is what are you prepared to sacrifice? What risks are you going to take to make Nigeria better? We must make sacrifices to make the country work,” Bankole said.
According to the former Speaker, technocrats sourced from the relatively stable World Bank can’t fit adequately or effectively as handlers or managers of the economy, which is volatile.
He added that though he had not given up his ambition to seek an elective office, it would not take much away from him should he decide not to pursue the ambition tomorrow.
Bankole said God has been kind and merciful to him, noting that he will remain eternally grateful to him, the people of Ogun State and Nigerians for giving him the opportunity to serve the nation.
He urged the youth to make the right sacrifices, learn trade and leave a legacy people would be proud of.

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