" />
Published On: Mon, Aug 1st, 2016

Nigeria can overcome recession — Kumuyi, Tella

By BUKOLA LONGE

The General Overseer, Deeper Christian Life Ministry (DCLM), Pastor Williams Folorunsho Kumuyi and an economist, Prof. Sheriffdeen Tella, has advised Nigeria to start producing goods consumed locally by Nigerians as a way out the recession buffeting the country.

Professor Tella, a former Vice – Chancellor, Crescent University, Abeokuta, Ogun State and currently a lecturer at the state-owned Olabisi Onabanjo University, Ago-Iwoye, said that governments and Nigerians should go into agriculture to make food available and affordable.
He explained that these measures when applied would not only stimulate the economy to create jobs, more industries, markets and income but also facilitate its quick recovery from prevailing doldrums.
According to the don, there may be respite insight for the nation if Nigeria continues to import heavily the goods being consumed locally and at a great drain to the foreign exchange.

Also, the General Overseer, Deeper Christian Life Ministry (DCLM), Pastor Williams Folorunsho Kumuyi, give insight to how Nigerians could wriggle out of the current economic downturn in the country.
Kumuyi said that apart from seeking God’s intervention through prayers for the nation, Nigerians should shun corruption, make a habit of doing the right thing always, and also delve into agriculture to ensure food availability and security.

He said Nigerians need God’s help to “turn around the economic, social, individual, domestic needs and other hydra – headed problems of the nation,” adding that where there is no food on the table and enough apparel for the body, there would be grumbling everywhere.

The General Overseer spoke in Abeokuta, through the DCLM State Overseer, Pastor Dele Rosilu, while fielding questions from reporters at a press briefing to herald his planned visit to MKO Abiola Stadium, Abeokuta, next Friday, for a “turn around” crusade at the state capital.

Over 50,000 worshippers across the state are expected to attend the programme.
Rosilu who addressed the press on Kumuyi’s behalf, noted that Nigerians are not doing enough in agriculture, saying there are no better time to pour more energy into farming either on “commercial or part time basis” than this period of economic recession.
He also made case for more money to be expended on security of lives and properties of Nigerians by the governments if that is what it would take to keep enough manpower on ground amid rising cases of militancy and kidnappings in parts of the country.

He however, expressed the hope that at this period of “failures”, God would minister success to the country, stressing that the church in Nigeria should partner with the governments, its institutions and agencies to better the lot of the people.”

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Most Shared

Recent posts

  • Shell profits rise on back of soaring oil prices

    Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Expectations are high for Shell to continue to generate strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both fronts in 2017 thanks […]

  • World’s first scrotum transplant successful

    Doctors at Johns Hopkins University said Monday they have performed the world’s first total penis and scrotum transplant on a US military serviceman who was wounded in Afghanistan. The 14-hour operation took place on March 26, and was performed by a team of nine plastic surgeons and two urologic surgeons. “We are optimistic that he […]

  • ‘Over two million bottles of Codeine consumed in Kano’

    n the last three years, Kano State reportedly tops the list of the states with the highest rate of drug addiction in the country. Codeine, a prescription pain medication used to treat mild or moderate pain is a drug which is abused by some youths in the state. It comes in tablet and syrup form and as […]

  • Businessman accused of cloning SON logo docked

    A businessman, Nonso Udoye, who was accused of cloning the production and registration logo of the Standard Organisation of Nigeria (SON) was on Wednesday brought to the Federal High Court in Lagos for trial. Udoye is facing a 15-count charge bordering on forgery and counterfeiting before Justice Saliu Saidu. At the commencement of trial, his […]

  • Lagos records revenue increase in first quarter

    The Lagos State Government has recorded success in its revenue generation for the first quarter. The Internally Generated Revenue for the first quarter of Y2018 stood at N103.476billion, as against N96.7billion recorded in the previous year, thereby accounting for 81 percent of the total revenue of N141billion generated in the quarter. Commissioner for Economic Planning […]

  • NIS generates N35.72bn in 2017 – NBS

    The National Bureau of Statistics (NBS), says the Nigeria Immigration Service (NIS) generated more than N35.72 billion from passports applications in 2017. The NBS said this in a statistics on Immigration for 2017 posted on its website. According to the report, the figure is less than the N36.17 billion generated from passports application as local […]

  • MTN proposes $500m IPO- SEC

    The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO). A senior management staff of SEC who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos that MTN had commenced discussion with the commission […]

  • Keystone Bank partners CeLD, launches ‘CashToken’ customers

    By OKEY ONYEMWEAKU  Fastest growing financial institution in Nigeria, Keystone Bank Limited, has partnered with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited, to launch a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria. The new innovative product, CashToken, which was formally launched in Lagos on Thursday April 19, 2018 at […]

  • US oil hurts Nigeria, OPEC in Europe

    US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal […]

  • CBN ruins Black Market business, says Gwadabe

    Central Bank of Nigeria (CBN’s) foreign exchange management policies have begun to put severe pressure on Nigeria’s parallel foreign currency market as ‘Black marketers’ begin to see their trading margins disappear. Indeed with more stable supply of forex and growing investor confidence on rising oil prices (currently at $74 per barrel) , the business of […]

  • Manufacturers groan despite improved bank liquidity

    By FELIX OLOYEDE Nigerian manufacturers are still credit-starved despite the improved liquidity of the banking sector. Although credit to the private sector has been rising, manufacturers have claimed that access to funds still pose a serious problem. Broad money in circulation increased 8.14 per cent to N2, 401.91 trillion in February 2018 compared to N2, […]

  • MAN, LCCI disagree over CFTA

    By UCHE CHRIS President Buhari seems to be coming under increasing pressure from both home and abroad over his refusal to sign the Continental Free Trade Area treaty last month at the meeting African Union Heads of states and government in Addis Ababa, Ethiopia. Also Nigerians particularly the business community are sharply divided over the […]

  • Gov. Wike: More garlands for Mr. Projects

    By OBINNA EZUGWU On Sunday April 15, 2018 at the Civic Centre, Victoria Island, Lagos, Rivers State governor, Nyesom Wike was the cynosure of all eyes as he stood firm and composed to the cheering of the audience at the capacity hall to receive the prestigious Zik Prize for good governance. It was indeed an […]

  • The Sterling Bank spreadsheet… an uppity lenders burden

    By TESLIM SHITTA-BEY Despite not stirring excitement in recent years, Sterling Bank Plc has run a recession gauntlet and come out looking marvelous. The bank in 2017 grew its gross earnings by slightly under twenty per cent to 19.79 per cent between 2016 and 2017.  The banks gross earnings (a measure of its business volume) […]

  • Melaye released after being detained, police deny involvement

    Kogi West senator, Dino Melaye has been released from detention reports reaching Business Hallmark indicate. The Senator was released after being detained by officials of the immigration service at the Nnamdi Azikiwe International Airport, Abuja on his way to Morocco The officials allege that he was detained based on an order from Interpol. However, the […]

  • Breaking: Senator Dino Melaye arrested at Abuja airport

      Senator Dino Melaye on Monday morning arrested after checking in at the international wing of the Nnamdi Azikiwe Airport, Abuja. The embattled senator representing Kogi West on the platform of the APC, tweeted that he was picked up on his way to Morocco for an official engagement sponsored by the Nigerian government. Melaye was […]