Akpabio'Don't blame Buhari for economic crisis,' Senator says

He urged the Federal Government to explore other sectors of the economy like mining, agriculture.
Godswill Akpabio

The Senate Minority Leader and member of the Peoples Democratic Party (PDP), Godswill Akpabio, has said the current economic crisis should be blamed on the global fall of oil prices and not the President Muhammadu Buhari-led government.

While advocating for the diversification of of the economy, Akpabio said the global economic meltdown is being felt more by Nigerians because the country runs a mono-economy built around oil.
He stated this while speaking to newsmen in Abia State on Thursday, March 31, 2016.
He urged the Federal Government to explore other sectors of the economy like mining, agriculture, entrepreneurship ventures and foreign direct investment to boost the Nigeria's revenue base.
“So, what has happened here is that with the massive failure, what we call oil glut in the market, the oil price has reduced below what we expected in the last 20 years. That automatically has affected our economy," Akpabio said.
“It has nothing to do with which administration is in power. It has something to do with resources to be able to deliver the dividend of democracy.
“The country belongs to all of us and if the country collapses on our heads, it means that we bequeath nothing to our children."
The Senator however urged Nigerians to be patient and be supportive of the Buhari administration.

Comments

Post a Comment

Popular posts from this blog

Image
‘Why we are going on strike’ Niger Delta University Lecturers of the Bayelsa State-owned Niger Delta University (NDU) in Amassoma, who yesterday proceeded on an indefinite strike over their four months unpaid salaries, have given their reason why they decided to take the action. Chairman of the Academic Staff Union of Universities (ASUU), Port-Harcourt zone, Prof Beke Select, said the state government owes the lecturers and non-academic staff of the university since January. He stated that the decision to proceed on what he described as work-to-rule action was taken on Thursday when all entreaties to the government for their salaries to be paid fell on deaf ears. “Yes, the work-to-rule action was ratified by the National Executive Council (NEC) of ASUU. The national visitation team came to the university and spent three days and we met with Deputy Governor John Jonah. “They also met with the Vice Chancellor and the Congress. When they come like this, before they give pe...
Read more
Image
INEC recruits 9,000 ad hoc staff for FCT election The Independent National Electoral Commission (INEC) says it has now recruited the required number of ad hoc staff for the April 9 Federal Capital Territory (FCT) Area Council elections. The Resident Electoral Commissioner (REC) in the FCT, Prof. Jacob Jatau disclosed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. NAN recalled that INEC FCT had on March 16 postponed the area council election from March 19 to April 9 due its inability to recruit over 9,000 ad hoc staff required for the conduct of the election. “I can confirm to you that the commission is fully ready for the April 9 election. “We have been able to recruit the additional ad hoc staff to meet the shortfall that made us postponed the elections. “The commission has also trained the additional adhoc staff recruited for the exercise. “All is now set for the conduct of free, fair and credible ele...
Read more

Sport | Football Platini demands CAS reasoning for four year ban

Image
Sport   |   Football    Platini demands CAS reasoning for four year ban Former UEFA president Michel Platini has demanded that the Court for Arbitration of Sport (CAS) explain the reasoning behind their decision to ban him for four years from all activities relating to football. Originally banned for eight years, reduced to six on appeal, Platini took further court action in May and had the ban cut to four. But Platini’s lawyers say they still have not been told why the decision was made. In a letter addressed to CAS, the former French footballer’s lawyers demanded an explanation “in as brief a time as possible” and branded CAS’s behaviour “unacceptable”. Platini was sentenced over a 1.8 million euros (2 million Swiss francs, $2 million) payment made to him by Sepp Blatter in 2011.
Read more