Economic Recession: A Golden Opportunity To Make Things Right – Pat Utomi
Pat Utomi[/caption]
Political economist, Pat Utomi on Monday said the economic recession currently facing the country is a golden opportunity to get things right.
He said that a continuous fall in the price of oil would make the country realise its wealth in agriculture.
Utomi spoke on Monday at the groundbreaking ceremony of the Integrated Produce City in Ugbokun community, Ovia North-East Local Government Area of Edo State.
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At the event were Adams Oshiomhole, the Edo state Governor, Godwin Obaseki, governorship candidate of the All Progressives Congress, the Commissioner for Agriculture, Prince Chris Okojie, and some members of the Edo state House of Assembly.
Utomi, who is also the Chairman of the produce city, said: “Let me shock you by saying that the recession we face in Nigeria is a golden opportunity. It is not a problem; it is an opportunity to finally get the Nigerian economy right.
“So without appearing to scandalise anybody, I actually pray for oil prices to stay down and stay down for a long time. Then, we will come to our senses and we will know that Nigeria really is a rich country.”
He also said that the country was yet to adopt the right economic policy, adding that a competitively driven industrial policy in select value chains would be helpful in confronting the “misery index” and bring hope to millions.
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Recall that the federal government, as part of efforts to sustain concrete measures to diversify the economy, kicked off a $100 million agro industrial estate in Edo State.
