Maybe the dwindling oil prices will be a wakening call for all and sundry. Its only in a nation like ours that two third of our budget goes to recurrent expenditure while its residual is committed to capital projects (this is unbecoming of any forward looking nation) There is no other time like now for us as a nation to get very serious in diversifying our economy from oil, there are great potentials in agriculture, solid minerals, steel and textile. One of our issues as a nation is that we do not have a clear defined action plan like some of the major industrial nations, we need progressive minded leaders in 2015 who can take us to the promise land, although we cant shy away from the cautious improvements in the agricultural sector but we still have a long way to go. We should see this global oil plunge as a blessing because our attitude and mindset at a crucial time like now will determine our future as a nation. God bless Nigeria... ......Trending is the latest IMF report confirming China as the new world power based on GDP anchored on PPP (Purchasing Power Parity), now China accounts for 16.5% of the global economy when measured in real PPP terms, compared with 16.3% for the U.S, (please note that U.S still ranked higher in GDP per capita). This report will affect the way we do business in the world. I will dwell more on this some other time. Chris Falokun.
Posted on: Sun, 07 Dec 2014 12:27:58 +0000