SHARE

Nigeria Needs to Do these 5 things to get out of recession – Obasanjo

Must Read

Report: South Africa is the Most Unequal Country in the World

A new report from Oxfam South Africa shows how the average (white, male) CEO takes home as much as 461 black women from the bottom ten percent of earners.

Nigeria Listed Among 12 Most Dangerous African Nations for Children – Report

The African nations listed are Burkina Faso, Cameroon, Central African Republic, Chad, Democratic Republic of the Congo, Libya, Mali, Niger, Nigeria, Somalia, South Sudan and Sudan

Top 10: South Africa and Botswana are the Best Places to be a Woman Entrepreneur in Africa

South Africa, Botswana and Ghana has been ranked as Africa's best place to be a woman entrepreneur, according to...
SHARE



During the opening of the 8th National Council on Industry, Trade and Investment in Abeokuta, Ogun state. Former president of Nigeria Olusegun Obasanjo speaking on Nigeria recession, had this suggestions to give.

Obasanjo speaks on Nigeria recession

1. Increase the volume of trade both internally and externally and the establishment of a commodity exchange to ensure stability in the prices of agricultural produce.

2. Put in place an aggressive coastal shipping system
to boost Trans-African trade with other countries on the continent from the current 12 per cent to about 22 per cent.

3. Spend less on goods
that the nation could do away with, earn more from the manufacturing sector and borrow to finance critical sectors of the economy.

4. Encourage Financial discipline, and also the political will to 
implement the various policies and programmes of the government aimed at taking the country out of recession.

5. Constituency projects
by members of the National Assembly,  must be put to stop.



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Report: South Africa is the Most Unequal Country in the World

A new report from Oxfam South Africa shows how the average (white, male) CEO takes home as much as 461 black women from the bottom ten percent of earners.

Top 10: South Africa and Botswana are the Best Places to be a Woman Entrepreneur in Africa

South Africa, Botswana and Ghana has been ranked as Africa's best place to be a woman entrepreneur, according to a new report released Monday. The...

For the First Time Ever, a Woman Has Been appointed to Head South Sudan University

South Sudan's President President Salva Kiir has for the first time appointed a woman to chair the governing body of a university. Awut Deng Achuil,...

Kenyan University Beats Oxford in Law Competition

Kenya's Kenyatta University has beaten the UK's Oxford University in the semi-finals of a competition for aspiring lawyers. Oxford - one of the most prestigious...

More Articles Like This