* Akpabio |
Senate Minority Leader and member of the Peoples Democratic Party, PDP, Senator Godswill Akpabio argues thatt Nigerians should not to blame the current economy woes on the All Progressives Congress, APC- led government.
Akpabio in an interactive session with journalists in Arochukwu, Abia State, described the country’s current economic challenge as part of a global phenomenon orchestrated by the steady fall in oil prices.
He advocated for diversification of the economy said the global economic meltdown is being felt more by Nigerians because the country runs a mono-economy built around oil and enjoined the Federal Government to pay attention to other sector of the economy like mining, agricultural and entrepreneurship ventures and as well as foreign direct investment to boost the country’s revenue base.
“So, what has happened here is that with the massive failure, what we call oil glut in the market, the oil price has reduced below what we expected in the last 20 years. That automatically has affected our economy.
“It has nothing to do with which administration is in power. It has something to do with resources to be able to deliver the dividend of democracy.” he maintained
The former Governor admitted that the effects of the harsh economy on the citizenry, and appealed for patience from Nigerians and support for the present administration in the interest of the country.
“The country belongs to all of us and if the country collapses on our heads, it means that we bequeath nothing to our children,” he affirmed.
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