The Senate Minority Leader, Godswill Akpabio, has urged Nigerians not to blame the country’s current economic woes on the All Progressives Congress-led federal government.
The former Akwa Ibom State governor who made the plea in Arochukwu, Abia State yesterday, said the current economic challenges bedeviling the country was a global phenomenon following the steady fall in crude oil prices – Nigeria’s main source of revenue.
Akpabio (PDP/Akwa Ibom North-West), who threw his weight behind the government’s effort to diversify the revenue base of the country, noted that the impact of the global economic crises is being felt more by Nigerians because of over-reliance on oil.
He, therefore, advised the federal government to pay attention to other sectors of the economy like mining, agricultural and entrepreneurship ventures as well as foreign direct investment to boost the country’s revenue base.
“So, what has happened here is that with the massive failure, what we call oil glut in the market, the oil price has reduced below what we expected in the last 20 years. That automatically has affected our economy”, he said.
The Senate minority leader stressed that “it has nothing to do with which administration is in power. It has something to do with resources to be able to deliver the dividend of democracy”.
Senator Akpabio, while admitting the effect of the harsh economic climate on the citizenry, urged them to remain patient even as he drummed up support for the present administration, in spite of party differences.
“The country belongs to all of us and if the country collapses on our heads, it means that we bequeath nothing to our children”, he added.