BREAKING NEWS: Recession An Opportunity In Disguise— See Details

BREAKING NEWS: Recession An Opportunity In Disguise— See Details

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It is a general knowledge that where ever there is a problem there is always a solution and that every problem is an opportunity in disguise. The economic recession in which Nigeria has found herself is a problem; however there is a solution and this period is also to be maximized in order to create more opportunities.
The current recession has been blamed on the nation’s current import-driven economy. Resource persons are however urging the federal government to come up with policies that encourage local inclusion, local production, productivity, hard work, creativity and that ultimately diversify the economy of the nation. Resource persons see these as the ways of moving Nigeria from the rank of an under developed nation it is at the moment to the rank of a developed one.
The resource persons advanced this position while speaking on “Ensuring Sustainable Production and Consumption Patterns: Policy Implications,” at the 2016 Founder’s Day celebration of Development Policy Centre (DPC), Ibadan, on Friday.
Chairman, DPC Board of Trustees, Professor Bimpe Aboyade, averred the need for the nation to execute the Sustainable Development Goals (SDGs) for the nation to witness economic development which is so badly in need of.
Professor Samuel Olofin of the University of Ibadan said there is the need for the country to forfeit her import-driven economy for an export driven one.
Professor Olufemi Ajayi of Obafemi Awolowo University there is the need to control the decreasing value of naira and that there also needs to be a reduction in the crave for dollars by most Nigerians as a result of very high reliance on imported goods and labor..
Executive Vice Chairman, Ibadan School of Government and Public Policy, Dr Tunji Olaopa, spoke on the fact that the Nigerian economy is not diversified but focused on crude oil as its only source of income. He said Nigerians seem to be blind to the various sources of revenue that are available unto them such as cocoa production, cassava production, agriculture and agro-processing, textiles and garment.
Termed focus on “Made in Nigeria,” Olaopa called for the encouragement of locally-generated production and consumption pattern.
The Ooni of Ife, Oba Enitan Ogunwusi, represented by the Asoya of Ile Isoya, Oba Adebanjo Adedeni, called on Nigerians to imbibe love among one another for the nation to witness real development.
Other resource persons who contributed to the discourse included Brigadier General Oluwole Rotimi (retd); General Alani Akinrinade; Chief Folanke Solanke; Professor Bolanle Awe; Professor Johnson Ekpere; Chieftain of the Peoples Democratic Party (PDP), Professor Tunde Adeniran and a former Editor in Chief of Nigerian Tribune, Mr Felix Adenaike.

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