Oil Price Drop, Hardship: OYC calls on SE Govs to invest in Agriculture

Ohaneze Ndigbo

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As a result of the devastating effect of the dreaded Coronavirus that have caused near-economic, political and transportation disaster around the world since its outbreak, the Nigeria NNPC had last week announced a drop in oil price which will seriously impact on the economy of Nigeria as a dependant on oil to finance her economy.

In a signed statement to the Governments of Eastern Nigeria and of course, Nigerians at large, the Apex Socio-Political Body of Igbo Youths – Ohanaeze Ndigbo Youth Council, OYC. The National President and Secretary respectively, have reiterated of the need to urgently invest more in agriculture to cushion any effect of the fall in Oil Price that is bound to cause drop in GDP and possibly send us into another era of recession and economic hardship.

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The Press Release in full: 

Oil price drop: Recession and Hardship will hit Nigeria Soon… Call on Southeast Governors to invest in Agriculture…Ohanaeze Ndigbo 

(1) Ohanaeze Ndigbo Youth Council Worldwide had studied diligently the rethorics of the Group Managing Director Of Nigerian National Petroleum Corporation (NNPC),Mele Kyari on the recent crashed of crude Oil prices to less than 30 dollars per barrel and warning Nigerians to prepare for tough times Ahead, OYC agreed  with Kyari and insists that Nigerians will experience hunger and hardship in the face of obvious collapse of the economy depending solely on Crude Oil in the nearby future.

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(2) OYC seek for the engagement of Competent hands to help President Muhammadu Buhari to manage the Economy,those in the economic team of Mr President had run short of ideas and will ground the economy, the appointment of Dr Ngozi Okonjo Iweala by South African Government,President of South Africa had demonstrated courage and determination to succeed in the face of economic adversity by hiring  a Foreign Adviser (Okonjo iweala), We call for total overhaul of the entire Economic team of Mr President,this is a wakeup call to Bring in a Good Economic Team to develop non oil sectors and ensure that we avoid going back to recession. 

(3) South East Governors should prepare to channel their resources to support youths to engage in agriculture to prepare for the tough times Ahead, there’s only one route of escape from being cut up with the prediction of Recession and Hardship,as farming season begins April 2020, Igbos should embrace agriculture as survival strategies.

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Mazi Okechukwu isiguzoro – President General (Ohanaeze Ndigbo Youth Council Worldwide)

Mazi Okwu Nnabuike – Secretary General (Ohanaeze Ndigbo Youth Council Worldwide)


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