Nigeria’s former Finance Minister, Okonjo-Iweala, has warned that recession and difficult times are ahead amid the coronavirus pandemic.She urged the Buhari-led government and other African countries to diversify the economy and look for other means of revenue as difficult times are ahead occasioned by the COVID-19 pandemic.
When asked on the effect of oil prices on economies around the world, Iweala said: “What Nigerian government needs to do is to make the economy less dependent on these commodities and that is why for the longer time, restructure the economy so that you can also have other sources to create job for the people, other sources where you can tap revenues.
The former minister advised that Nigeria and other African countries’ economies have a lot of sectors like agriculture, tourism, and creative industries to diversify into to make the economy work.“This is what our country is going to look at now and start planning about how they are going to do better in the future,” Iweala added.
“2020 spilling into 2021 is going to be a difficult year but I believe that if the world acts as one, if countries do not retreat into nationalism, populism, we will all have the resources to deal with these issues and help countries that do not have enough.”
Ghen ghen
Do anyone need to voice that out? Is a global thing. Way forward is what matters now.
Vision less vision 2020
Tweetwizzard Everyone knows this already, please stop reminding us
You see them World Bank and IMF agent of destructive, always working and prophesies doom for Africa.
oluwaloninyo Well that won’t work. She’s a woman. She’s igbo. No way he’s listening.
Thank you ma, the handwriting is already on the wall. What is the way-out?
Where did you see MBuhari, WhiteHouse, radiobiafralive
even unborn baby don sabi
It is world wide now abi na only Nigeria
Mummy, we already know... what you can do is suggest how to get out of it
Let them keep looting money. This government must pay for every damn thing they stole or loot. They can never remain in power forever
It will be difficult to the politicians at federal level but for we the poor masses,God is with us....we won't experience it because God is bigger than everything.
Would they listen?APC will now write epistle telling us her role under GEJ yen yen yen
I pray he is not deceived to believe otherwise.
He will see this post and still yet not do anything, So Daft, Mumu
When the inevitable recession arrives APC & their propaganda horde will likely blame Okonjo Iweala “Her statement caused it”
So this was the Vision 2020 they have been talking about since I was in Junior Secondary school? The vision is now audible to deaf and visible to the blind.
There will be a lifting up for me n my family
Vision 2020 indeed. What a vision and visionaries...
For you right ?
Was that the Vision? Vision 2020