Recession: Nigerians Should Adjust Their Spending Mentality—APC Chieftain

Chieftain of the All Peoples Congress, APC in Abia State, Dr. Chukwuemeka Okwuonu has urged Nigerians to adjust their spending mentality in the face of the current economic recession.

Okwuonu told newsmen in Aba that the times call for adjustment of the people's spending mentality." The times call for strict adjustment on how we spend our resources. Nigerians should prioritise their spending."

" There should be intensive value reorientation .Our orientation on the patronage of our local products is faulty. This reorientation should start from our governments. The 'Change Starts With Me Campaign' should be given the required and government should lead the way for the masses to follow," he said.

According to him, a lot of things need restructuring in the country .He said that our local engineers and technologists should be encouraged and afforded the enabling environment to boost our local production capacity.

" We have the manpower. The only thing is for us to task the ingenuity of our local engineers and technologists by affording them the enabling environment .This will go along way in reducing capital flight. Industrial areas should be established with 24 hours electricity supply".

Okwuonu said that we can depart from being a consumption by boosting our local production. He decried our over-dependence on importation, which he said is responsible for the weakness of the naira.

Responding on the vexed issue of the sale of public assets, he said that we don't have any need to sell our public assets rather improving them to function at optimum capacity. He stressed that sabotage is part of the problem why our refineries are not functioning at optimum capacity.

He explained that when the fight against corruption is concentrated at the high places only, that we would lose focus on corruption at the low places.

Okwuonu is optimistic that APC has brighter prospects of retaining power in 2019, adding that most of the policies would take a good shape before then." The economy will generally improve before then," he stated.

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Articles by Okechukwu Ukegbu