At 56, Nigeria is where she ought to be, says Presidency

The Presidency declared yesterday that Nigeria is where it was supposed to be at the age of 56. It also said that the country was already out of recession even as it admitted that there were still serious problems in the oil sector. In an interview with journalists in Abuja, yesterday, Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Solomon Ita-Enag explained that given the challenges of recession, the country is not in recession but undergoing oil recession because we have failed to develop every other sectors of the economy. Ita-Enag said: “I hold the opinion that we are where we ought to be at this time. Given the challenges of recession, I hold the view that Nigeria is not in economic recession in actual fact, it is undergoing oil recession because every other sector of the economy which ought to have been developed were not developed in due time and so those same sectors is what we have to developed now; solid minerals, agriculture, technology and the intellectual capital, therefore, we are where we ought to be.

 “I want Nigeria to celebrate that this recession is coming at a time like this and Nigeria is not as hit as other countries of the world. When you see what is happening in Saudi Arabia and other oil rich countries and where they are and I think Nigeria’s position is a little bit better. And I want to also say that it is a blessing when you have challenges because it is those challenges that brings out the greatest potential in man.

The Guardian