The Director General of the National Orientation Agency, Mr. Garba
Abari, has expressed delight that Nigerians have been left with no
option but to look inwards because of the economic recession.
Abari stated this in an interview, in Abuja, on Friday.
He explained that the fall in oil prices
and the disappearance of what he referred to as “free money” will
engender a home-grown response to the nation’s economic problems.
According to him, Nigeria’s economic
problem was not peculiar to it because other oil producing nations like
Venezuela were also taking a hit but that Nigeria under the Buhari-led
administration was handling it better.
Abari said, “Happily, the country is
broke, if we had lived a life of falsehood always guided by our crass
appetite for consumption and lack of productivity because there was free
money, now we are being confronted with the reality.
“It is a global economic challenge and
every country is being affected one way or another. Venezuela is an oil
producing country like Nigeria; perhaps in terms of production quota in
OPEC, it may even be producing higher than Nigeria. It is not even as
populous as Nigeria is and you have seen what has become of it.
“Oil that used to be the source of money
is no longer bringing in the money. We are beginning to show a sign
that we are positively responding to the reality.”
He explained that the contribution of
agriculture to the GDP was negligible in the last few years but that it
had improved considerably under the current administration because of
the proactive measures, so far taken.
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