A former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said that the current slide in oil
price was an opportunity for the nation to explore other vital sectors of the economy.He said, “every disappointment is a blessing and I see the drop in the price of oil as a great opportunity for the country to discover and harness its rich potential.’’Soludo stated this at the celebration of the 25th anniversary of the creation of Delta on Friday in Asaba.He said that though Nigeria was under excruciating pains, there was hope for the citizenry.Soludo, who is currently the President of African Heritage Institution, Enugu, warned that “the country cannot have competitive economy when there are political and security challenges.’According to him, the rate of poverty is high, militancy and kidnapping is on the increase while the current recession faced by the country is self-inflicting.While commending the Federal Government for fixing the exchange rate, he noted that the parallel market rate was over-shooting the market.The former apex governor warned that if the exchange rate continued to overshoot, it would scare investors from coming to invest in the country.He advised the
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