National Leader of the All Progressives Congress, Bola Tinubu, has given an insight into how the country can grow its economy in the face of dwindling oil prices. Tinubu, who spoke in Ibadan on Sunday, said that the diversification of the economy was the answer to the country’s economic woes. He said although it had always been part of the plan, it was never actually implemented. He lamented the poor governance by past leaders of the country saying their unending corruption had brought the country’s economy to its knees. He urged the citizenry to support the President Muhammadu Buhari-led government as they campaign against insurgency, kidnap and corruption.
“We face the challenge. We accept the need for the diversification of the nation’s economy.
“There are a lot of variables in the oil sector which we have to look at critically. We are not the only country that is affected by the effect of this oil crisis. We have to be more creative in a way that will not hurt the welfare of the people,” he said.
“We need to look inwardly. There are so many ways and we are blessed to really create local demand, improve our disposable income and manage our own economy.
“We have the resources, people and the blessing of both weather and mineral resources but it will take time. There is a gestation, rearrangement and reengineering necessary for the economy to be beneficial to the people.
“We must be patient, we must persevere and the leadership must be creative in order to rejuvenate the economy. Just bear with us,” he added.
Speaking on the influx of defectors into the APC, he said that there was the freedom principle which allow citizens to associate with any organisation or political party they want. Tinubu said that the builders of APC must be tolerant and understand the need to check intrusion of corruption and injustice into the party.
“You can’t stop that. You cannot discriminate against that. There is nothing we can do about that. “We cannot prevent people from coming in, the more the merrier, the better, the competitiveness,” he said.
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