A former Chief Economic Adviser to ex-President Olusegun Obasanjo,
Prof. Ode Ojowu, yesterday urged the Federal Government to work with
states and local governments in the area of food production as part of
measures to overcome the recession facing the country.
by Ezekiel Enejeta
Culled from Financial watch
He gave the advice in Abuja at a one-day Civil Society Organisations
(CSOs) and Media cluster meeting on ‘Buharimeter’ organised by the
Centre for Democracy and Development (CDD) and the Open Society
Initiative for West Africa (OSIWA). Ojowu said it is known that food
accounts for over 54 per cent of Nigerian households’ expenditure and
that the extensive inequality among Nigerians makes using average
assessment untenable.
“If we want to talk about recession in this context, we should rather
be calling it hunger and famine and I think there is lack of internal
capacity to deal with this challenge. When we had the oil boom we spend
and spend without investing and also we refused to save.”
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