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Monday, 10 October 2016

Act fast on recession, Obi of Onitsha tells Buhari

10-10-2016 


Act fast on recession, Obi of Onitsha tells Buhari

Prominent traditional rul­er, the Obi of Onitsha, His Majesty Nnaeme­ka Alfred Achebe (Agbogidi), has appealed to President Mu­hammadu Buhari to immedi­ately take the needed steps to end the current recession in the country.
The monarch, who did not leave Buhari on what he thinks are possible options, asked the Nigerian leader “to seek, listen and accept views from experi­enced Nigerians on the state of the economy” and take decisive actions on them.
Igwe Achebe said that there are competent Nigerians, whose wealth of experience the Pres­ident can tap to diversify and make the nation to be self-re­liant.
In his address to mark the 15th Ofala Festival in Onitsha at the weekend, Igwe Achebe said that the economy urgently needs a major overhaul and re­direction from the cumulative decisions and actions of past administrations.
The monarch said the Fed­eral Government should pre-occupy itself with how to trans­form the economy from being consumption and import-driv­en to becoming production-oriented.
He said: “There is no doubt that the nation’s economy ur­gently needs a major overhaul and redirection from the cu­mulative decisions and actions of past regimes. It needs to be transformed from being con­sumption and import-driven to becoming production-oriented, self-reliant and diversified.”
Igwe Achebe further asked Buhari to look beyond the par­ty affiliation for solutions to the economic crisis to save it from total collapse.
According to him, “our country Nigeria has faced grave challenges over the past years. President Muhammadu Buha­ri was popularly elected on the mantra of change. His politi­cal party, the All Progressives Congress (APC) created high expectations during election­eering campaign.
“But unfortunately, Nige­rians have witnessed a steady decline in most of economic and human developments, and a major recession, which has prompted several statesmen and opinion leaders, includ­ing the Emir of Kano, Alhaji Muhammadu Sanusi II, for­mer Central Bank of Nigeria (CBN), Prof. Chukwuma Solu­do, renowned Catholic Bishop Matthew Hassan Kukah, as well as Anthony Cardinal Okojie to draw public attention to the suf­fering of the ordinary citizens,” he said.
The notable Igbo monarch lamented that most state gov­ernments have been unable to pay their workers’ salaries with­out the “so-called bailout funds, which is a euphemism for loans to be repaid by the future gener­ations”, noting happily that An­ambra State is among the few states of the federation, which has continued to meet their obligations of regularly paying their workers.

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