Former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu has said the technology in Nnewi, Anambra state had the capacity of transforming the Nigerian economy more than the oil.
He however regretted the neglect the industrial area had suffered from the federal government, accusing it of chasing foreign investments at the expense of great investment potentials internally.
Delivering a paper at the Nnewi Investment Summit in Nnewi, Moghalu argued that the people in the area would have attained greater heights if they were adequately motivated.
Moghalu who was the presidential candidate of the Young Peoples Party in the 2019 general elections, advocated for the creation of a manufacturing hub in the industrial city instead of pumping in Naira to compete the dollar.