I pray for oil price to stay down for long – Prof. Utomi

I pray for oil price to stay down for long – Prof. Utomi

In spite of the economic hardship occasioned by the fall in oil price, management expert, Prof. Pat Utomi, has said his prayer is that the oil price ‘stay down for long.’

Read also: I abandoned N200m project because a governor wants bribe – Prof. Utomi

Prof. Utomi made known his wish for a low oil price for a long while at the ground breaking ceremony of Integrated Produce City (IPC), a private initiative championed by him and other investors at Ugbokun community in Ovia North East local government Area of Edo state.

Speaking at the occasion, “Let me shock you by saying that the recession we face in Nigeria is a golden opportunity. It is not a problem; it is an opportunity to finally get the Nigerian economy right.

“So without appearing to scandalise anybody, I actually pray for oil prices to stay down and stay down for a long time. Then, we will come to our senses and we will know that Nigeria really is a rich country.

“Right now, we are not behaving as we should be behaving. Competitively driven industrial policy ‎in select value chains will be helpful in confronting the misery index and bringing hope to millions,” Prof. Utomi said.


Related Articles

I HAD MY FIRST CHILD AT 19- OONI OF IFE

Ooni of Ife , Oba Adeyeye Enitan Ogunwusi, has revealed that he became a father at 19 after a teenage

STELLA ODUAH’S COMPANY SUES EFCC TO AVOID EX-MINISTER, DIRECTORS ARREST OVER UNPAID BANK DEBT

A company owned by former aviation minister, Stella Oduah, Sea Petroleum and Gas company limited and six of its directors,

Fake Reverend Mathew Kukah dupes Afe Babalola N2.5m

A 35-year-old man, Abdulrahman Muazu, has been accused of posing as Catholic Bishop of Sokoto, Most Reverend Matthew Kukah to


x

Other Interesting Posts

Ali Modu Sheriff's aircraft reportedly seized
An aircraft that belongs to Peoples Democratic Party, PDP, factional Chairman, Ali Modu Sheriff, has been seized by the Economic and Financial Cr...
Bill protecting dead bodies from ritualists passed
The House of Representatives on Tuesday passed bill protecting the right of the dead to rest in perfect peace citing many instances of abuse of t...
Ambode queries artistes on trip to South Africa
Governor Akinwunmi Ambode on Tuesday sought out opportunities for collaboration between his government and artistes. Read also: Apostle Psalm ...
powered by RelatedPosts