Ezekwesiili explained that the situation surrounding the economic, social and political sector is precarious and that managing such situations with uncertainty is most difficult.
The ex-minister made the statement while presenting a public lecture at the annual Public Service Celebration which took place at Adeyemi Bero Auditorium, Ikeja, lagos.
She stated that the economy had taken a nose dive and wondered how possible it was for Nigeria to find itself in the current situation.
She recalled that back in 1981 to 1982, Nigeria witnessed the same economic relapse as it is witnessing now, and that she had hoped that Nigeria would not suffer such situations ever again.
She said: “We have found ourselves in a situation where every sector is in a precarious situation. We are operating on uncertainty and it is most difficult.
“Our economy has taken a nose dive, and I ask how it is possible for Nigeria to find itself in this embarrassing situation.“We are faced with similar economic conditions like that between 1981 and 1982 during the regime of former president Shehu Shagari.
“Nigerians must study history because people who do not study history risk repeating all the mistakes made in the past.”
-Daily Independent