Recession Will Last Longer Than Expected — Peter Obi Warns

Peter Obi pictured recently at the airport
Photo Credit: Valentine Obienyem

A former governor of Anambra State, Mr. Peter Obi, on Tuesday, said the economic recession in the country would last longer than expected.

He stated this at the Nnamdi Azikiwe University, Awka, Anambra State, while inaugurating a building donated to the radio station of the Department of Mass Communication, NAU, by the institution’s Dean of Social Sciences, Prof. Chinyere Okunna.

Obi said, “I laugh when I hear people say the recession will soon end. This is not true. A critical analysis of the 2017 budget will show you that the recession will not end soon.”

The governor said it was foolhardy for anybody to think that the recession would end soon.

“But there is hope. The hope is for us to change our spending system. Government should cut down the cost of running government.

“If you see any government spending extravagantly, you shout and nothing will happen to you because it is your money that is being spent. That is one of the ways to tackle this recession,” Obi stated.

Culled from the Punch