Edo State Governor, Godwin Obaseki, has decried the surge in inflation and the dollarization of the nation’s economy.

Governor Obaseki spoke while delivering his keynote address at the Delta State Executive Retreat 2023 with the theme, “Delivering the M.O.R.E Agenda for advancing Delta: Strategy and Enablers,” held in Asaba, Delta State.

He highlighted how persistent dependence on importation, federal government fiscal recklessness, over dependence on the federal government by states and local governments and a global inflation had crippled the Nigerian economy.

He noted that Nigeria cannot continue to operate the way it has always been, advocating for less dependence on exchange rate for meaningful growth and development.