«Home

Dr. Olisa Agbakoba: Why economic crisis in Nigeria will last till 2020?

What are the main reasons of economic crisis in Nigeria, according to Dr. Olisa Agbakoba. What measures, in his opinion, should the Federal Government of the country take to prevent hard economic conditions? Read the article to learn all details.

Causes of economic crisis in Nigeria

Causes of economic crisis in Nigeria

The former president of Nigerian Bar association, NBA, Dr. Olisa Agbakoba, said about economic crisis in Nigeria, which can continue till 2020. The country can have these problems even longer if the Administration of the President of Muhammadu Buhari doesn't adjust some rules. Speaking with correspondents in Lagos, Dr. Agbakoba told about the urgent need of federal government to develop consecutive financing, trade and monetary policy. He advised the president to form the economic team consisting of experts and to be concentrated on pulling country from recession. In his opinion, the Federal government shall spend more to stimulate growth of economy. Agbakoba said: ‘The federal government shall return Treasury Single Account, TSA, in commercial banks and to create the new agency to control them. Central Bank of Nigeria, CBN, should be limited to the principles of monetary policy and eliminate banking supervision. It shall create new reasonable regulatory authority and bank ethics on control of activities of the financial organizations’ – the Main Defender of Nigeria told.

READ ALSO: What does UN say about economic crisis in Nigeria in its report?

According to him, Nigeria shall spend many efforts for an exit from financial crisis in Nigeria: 'The government should be determined what policy does it want to pursue. There is only one exit from recession, and it is a large jump forward. You should force economy to jump up. You will be surprised, but Julius Berger and Co gives contracts to construct roads and if for each contract you have 10 percent of unskilled workers, you will find out that the economy will slowly revive. Dr. Olisa Agbakoba chambers noticed that if the government will not take such measures, the country would face long-term recession. He expressed optimism on the fact that Nigeria can revive in the 2nd quarter 2017.

Avatar
Newbie
1 comments

Hello everyone i was browsing the internet and i saw a lot of wrong post

concerning the ILLUMINATI SOCIETY, i felt bad about it, i want to let you

know few things about the ILLUMINATI SOCIETY. First, i join the ILLUMINATI

HOOD through the help of an agent someone introduced me to online, after

years of determination to be a member. being a member of the ILLUMINATI

your wealth is guarantee, you will be protected, fame, power influence

e.t.c all these they will give you. one thing i want to correct is that the

ILLUMINATI don't pay member any salary, if you are newly initiated they

will give you the seed of wealth and bless you with wisdom, power,

influence e.t.c you need to be successful.the seed of wealth is the only

money the ILLUMINATI SOCIETY give to their member, with this you can start

anything with the money and you will be successful. Another thing is that

the society have special blessing for politicians and super stars. Being an

ILLUMINATI member is a personal decision, the society don't force or beg

people to join them. i joined because i want to, no body force me and am

very happy to be a member today because they have contributed greatly to my

life by making me one of the leading business man in the world. If you are

interested in joining the ILLUMINATI SOCIETY contact agent SIR Lord Albert on

+2347038557636 or email him @theilluminatisociety999@gmail.com or you

can also WhatsApp him he was the

one that help me. this is the little help i can give you.

Avatar
Specialist
Answered 1 month ago.
Your comment
Add image

By posting your comment, you agree to the privacy policy and terms of service.