Recession Will Not End in 2017- Peter Obi

A former governor of Anambra State, Mr. Peter Obi, on Tuesday, said the economic recession in the country would not end in 2017. In the same breath, he noted that there is a way to prevent future episodes of austerity. He stated these thoughts at the Nnamdi Azikiwe University, Awka, Anambra State, while inaugurating a…”
Tolu
December 21, 2016 10:05 am

A former governor of Anambra State, Mr. Peter Obi, on Tuesday, said the economic recession in the country would not end in 2017. In the same breath, he noted that there is a way to prevent future episodes of austerity.

He stated these thoughts at the Nnamdi Azikiwe University, Awka, Anambra State, while inaugurating a building donated to the radio station of the Department of Mass Communication, NAU, by the institution’s Dean of Social Sciences, Prof. Chinyere Okunna.

Obi said, “I laugh when I hear people say the recession will soon end. This is not true. A critical analysis of the 2017 budget will show you that the recession will not end soon.”

“But there is hope. The hope is for us to change our spending system. Government should cut down the cost of running government.

“If you see any government spending extravagantly, you shout and nothing will happen to you because it is your money that is being spent. That is one of the ways to tackle this recession,” Obi stated.

It would be recalled that in October, Obi proposed a radically lean system of governance, which he claimed to have operated as a governor of Anambra State.

At an annual Independence Day event called The Platform, Peter Obi made the news for the radical spending cuts he made, including shutting down some of the state’s governor’s lodge, travelling without aides, lodging the then President, Olusegun Obasanjo in the State House, and so on. These measures, he states helped the state save millions of naira that was invested in capital projects.

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