Abuja - The National Chairman of the All
Progressives Congress (APC), Chief John Odigie-Oyegun, said on Thursday
in Abuja that Nigeria's present economic downturn could be an act of
This is contained in a statement signed by the party's Assistant Director (Publicity), Edegbe Odemwingie.
It said that the downturn could be to remind Nigerians of the need to
embrace radical change, particularly in the country's current economic
"I think God has a hand in the current economic predicament of the country.
''Imagine the sudden fall in the price of crude oil, the mainstay of
the Nigerian economy from its heights in 2014, averaging 112 dollars per
barrel down to the current price of 28 dollars per barrel -- lower
than the 38 dollars per barrel which the proposed 2016 budget is
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''It is an object lesson for us. It tells us that we must embrace
radical change in our economic model," the statement Odigie-Oyegun as
It said that the drop in oil price had taken its toll on the revenue
and expenditure of the Federal Government , with telling effect on the
It also said that change in itself was difficult but that Nigerians should be ready to adapt to new ways of doing things.
''As a party, we know and understand it calls for tremendous
sacrifice; there is no other way. Yes the economy is in a bad shape; but
maybe that is the kick we need to be innovative and find ways to drive
the economy out of the woods.
"The luck we have is that we have as president a man committed to
personal probity and sincerity of purpose to the project of developing
Nigeria,'' the statement added.