“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.” Prof Pat Utomi
The founder of the Centre for Value in Leadership, Prof.
Pat Utomi, has described the current financial crisis in Nigeria as a ‘golden’
opportunity for the country to reposition its economy, rather than a problem.
He also 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.
Present at the event were Governor Adams Oshiomhole, the
Chairman of the state economy and strategy team and governorship candidate of
the All Progressives Congress, Godwin Obaseki; the Commissioner for
Agriculture, Prince Chris Okojie, and some members of the state House of Assembly
from the area.
Utomi, who is also the Chairman of the produce city,
explained, “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.”
According to him 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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