The founder of the Centre for Value in
Leadership, Prof. Pat Utomi, has described the current financial crisis
in Nigeria as a ‘golden’ opportunity for the country to reposition its
economy, rather than a problem.
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.
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