I shouted that Nigeria already in recession in 2014, but was abused by those in power.

A former governor of Abia State, Dr. Orji Uzor Kalu, has disclosed that the current economic recession afflicting the country started two years ago, adding that when he drew attention to the development in 2014, he was abused by those in power at the time for pointing it out.
The recession of Nigeria’s economy was confirmed when the National Bureau of Statistics, NBS, issued a report claiming that the economy shrank by 2.06 percent in the second quarter of 2016, after the economy contracted by 0.36 percent in the first quarter of 2016.

The former governor, who spoke to newsmen at the weekend in Umuahia, the Abia state capital, where he was hosted by some prominent Umuahia indigenes, stated that the recession started back in 2014 when he said the Federal Government was borrowing money to pay civil servants.

According to him, “The recession started in 2014. It is just that Nigerians are biased. When I shouted in 2014 when Federal started borrowing money to pay civil servants and I said there was recession, they abused me, but I saw it coming because I am an employer of labour with over 9000 Nigerian workers, so I am an authority.

“I believe that President Buhari needs emergency laws to tackle the recession. The President has to design special law and send to the National Assembly to grant him emergency powers to tackle the economic recession because we have no two ways to go. We need to know that our belts should be tightened very well,” Kalu maintained.

He called for greater support f0r artisans who he said are presently the greatest force in the nation’s economy and for special attention and support for manufacturers.

“The moment the manufacturing sector attains full-capacity production, there will be less dependence on importation and this will shore up the value of the naira,” Kalu explained, even as he blamed the activities of Niger Delta militants for continued dwindling of the national revenue which led to a full-blown recession.

GODKID98:
Story 4 d gods!!



what sort of rubbish z dat??.....Nigeria hz been in recession since 2014,yet,we bought a bag of rice for 8k then!!

sarrki:
let me lecture you

Then boarders were not closed

The agenda of this govt is that we should be able to feed

Ourselves.

In other to create employment and reduce pressure on naira

Orji Uzor knows my Governor owelle knows too

Coz they are greater than ojukwu & criminal ipob together

No need to thank me

It's for free

sarrki:
let me lecture you

Then boarders were not closed

The agenda of this govt is that we should be able to feed

Ourselves.

In other to create employment and reduce pressure on naira

Orji Uzor knows my Governor owelle knows too

Coz they are greater than ojukwu & criminal ipob together

No need to thank me

It's for free

sarrki:
let me lecture you

Then boarders were not closed

The agenda of this govt is that we should be able to feed

Ourselves.

In other to create employment and reduce pressure on naira

Orji Uzor knows my Governor owelle knows too

Coz they are greater than ojukwu & criminal ipob together

No need to thank me

It's for free

cosby02:


http://dailypost.ng/2016/09/19/shouted-nigeria-already-recession-2014-abused-power-orji-kalu/?utm_source=snap_dp1&utm_medium=twitter

sarrki:
let me lecture you

Then boarders were not closed

The agenda of this govt is that we should be able to feed

Ourselves.

In other to create employment and reduce pressure on naira

Orji Uzor knows my Governor owelle knows too

Coz they are greater than ojukwu & criminal ipob together

No need to thank me

It's for free

sarrki:
God bless you sire

N bless owelle Rochas okorocha

Illustrious son of Nigeria

You are far better than ojukwu & ipob criminal Kanu


Thank you sire

Canme4u:
FORWARDED AS RECEIVED Assuming PDP is still rulling and oil price crashed from $140/barrel to $40/barrel... Then Dasuki keeps on distributing arms' funds to Bafarawas, Metus etc... Boko Haram keeps on occupying more LGAs in the northeast... Patience still saves millions of dollars in her multiple accounts... Soldiers keep on running away from the battlefield... Asari keeps on receiving millions of dollars for guarding oil pipes... Ayo's private jet is being used to carry millions of dollars in the name of buying arms from Israel... we keep on having incessant explosions in churches, mosques,motor parks and markets...TSA and BVN are still yet to be implemented... BELIEVE ME THE COUNTRY WOULDN'T HAVE BEEN ONLY IN RECESSION, IT WOULD HAVE BEEN IN OBLIVION! I LIE?