economy

Cleric calls for diversification of economy to tackle hike in food items

Pastor Andrew Osakwe, Senior Pastor, Summit Bible Church, has urged Nigerians to demand for a deeper diversification of the economy to tackle the hike in prices of food items.

Osakwe made the call in an interview with the News Agency of Nigeria (NAN) on the sidelines of the Summit Bible Church’s 2021 conference titled: “Revival”.

According to him, the need for diversification is to ensure local production, reduce pressure on importation and continue with export of non-oil products to shoot up the nation’s dollar supply.

The pastor, who quoted reports from the World Bank, said about N50 trillion of the economy had been impacted negatively due to insurgency and violent agitation.

He assured that if all these were done, there would be changes, adding that the way the economy was moving “ you cannot just drop inflation from what it is at 22 per cent to 17 per cent in a week’’.

“There are things that need to happen by the first or second quarter for things to pick up.’’

He advised Nigerians to be calm in the mist “of the storms, seek God and do the right thing’’.

He called on aggrieved Nigerians to explore peaceful and non-violent channels to address their grievances by demanding for a referendum or channel their grievances to the National Assembly.

He said that people have the right to agitate but not to protest in a violent manner leading to loss of lives and property.

Osakwe strongly condemned violence leading to destruction of lives of the innocent, noting that “innocent people are dying’’.

On the conference, the pastor said it was to help the body of Christ and for the people in general be ignited for God and deepen their relationship with the Holy Spirit.

“The revival will bring ideas to Nigerians on how to better our economy and serve God in a peaceful environment,” he said. (NAN).

Monday Ashibogwu

Monday Michaels Ashibogwu is Editor-In-Chief of QUICK NEWS AFRICA, one of Nigeria's leading online news service.

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