By Akomolafe Olumide, Ekiti
A legal luminary and founder of Afe Babalola University Ado Ekiti, Aare Afe Babalola has called for an urgent restructuring of the Nigeria Federal constitution to meet up with modern day reality.
Aare Babalola while speaking at the international conference of the Nigerian Society for Finance Research held at the Afe Babalola University Ado Ekiti stressed the need for the country to return to the 1960 and 1963 constitutions with some amendments if the nation must progress
According to him, restructuring will assist the country in diverse ways such as enabling the nation to have a truly peoples’ Federal constitution that would promote change in mode of election, the type of people to govern and their emoluments.
He said the proposed constitution would ensure a part-time legislation, reduce huge salaries currently being earned by political office holders, ensure two party system, enhance good governance and reduce cost of governance.
” our constitution, which is unitary constitution is the garbage of a federal constitution foisted on us by the Military and christened a people’s constitution is the greatest problem of Nigeria today.
Take it or leave it, Nigeria is a country of Nations, we have to harmonize these Nations and allow a Nation to evolve from the way we run the government he said”.
He added that Nigeria must also strive to enhance local production and consumption so as to ensure an industrialized Country.
The elder stateman also called for a sovereign national conference to brainstorm and profer solutions to the nations problem.
In a remark, the president of the Nigerian Society for Finance Research professor Adebayo Oloyede explained that the conference is aimed at providing solutions to the critical financial challenges facing the country.
Also,the acting Vice Chancellor of the Afe Babalola University Professor Smaranda Olarinde represented by Professor Oluwadare Ojo stressed the need for the diversification of the economy as over dependence on oil had made the country lazy and stereotype.
Other dignitaries who gave goodwill messages called for adoption of modern policies to rejuvinate the nation’s monetary policies towards building the economy .