APC Chairman Attributes Nigeria’s Economic Predicament To An Act Of God

John Odigie-Oyegun, the chairman of the All Progressives Congress said that Nigeria’s present economic predicament could be an act of God which to remind Nigeria on the need to implement and embrace radical change in our economic model.

The APC national chairman stated this when he received a delegation of an APC support group, Change Agents Foundation (CAF) led by it leader, Felix Felix at the party’s national secretariat in Abuja.

Odigie-Oyegun said: “I think God has a hand in the current economic predicament of the country. Imagine the sudden fall in the price of crude oil, the mainstay of the Nigerian economy, from its heights in 2014, averaging $112 per barrel down to the current price of $28 per barrel — lower than the $38 per barrel which the proposed 2016 budget is predicated on,” Mr. Odigie-Oyegun said. “It is an object lesson for us. It tells us that we must embrace radical change in our economic model.”

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He pointed out that the persisted drop in oil price at the international market has affected the revenue and expenditure of the federal government and as such has adverse effect on the economy.

The APC boss continued by saying: “The concept of change is a difficult one. Nigeria must be ready to adapt to new ways of doing things. As a party, we know and understand it calls for tremendous sacrifice, there is no other way. Yes the economy is in a bad shape, but maybe that is the kick we need to be innovative and find ways to drive the economy out of the woods.

“The luck we have is that we have as president a man committed to personal probity and sincerity of purpose to the project of developing Nigeria. Today, we must think and be innovative in ways of fashioning out new economic models which diversifies from the present over reliance on oil.

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“We are in the process of organising a three-day dialogue which will bring the party, government and stakeholders for an exposition on the realities facing the country, particular the economy. It will provide an opportunity to exchange ideas so that we go home with a clear direction on how to go forward.”

Also speaking during the meeting,  the leader of the group, Felix congratulated Odigie-Oyegun for leading the APC to victory the last presidential election that saw to the emergence of President Muhammadu Buhari’s government.

Felix said: “We are here to identify with you in this success and to say that while achieving success is a difficult thing, sustaining success is even more difficult. It is this realization that prompted our coming together to form the Change Agents Foundation.”

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