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. Click to signup for FREE news updates, latest information and hottest gists everyday
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Prof Utomi is spot-on. I truly pray that oil price stays low so we de-emphasise oil in our economy - and in our politics as well! Nigeria prospered in the sixties without the oil boom. Our oldest universities were built with the proceeds of agriculture.
ReplyDeleteUtomi you are part of this APC mess we found ourselves. So don't play smart by trying to remove yourself. The truth is that all of you are selfish and do not care what happens to the ordinary man once una selfish interests are served.
ReplyDeleteEaah! You wan take idea remove yourself! We know that you are part of this APC mess we found ourselves. So dont try to dodge. All of you who are part of this suffering caused by this APC but remember that God dey oooo!
ReplyDeleteWe can only fix it when the man at the helm of the fair knows what to do
ReplyDelete