The immediate past governor of Anambra State, Mr. Peter Obi, has told those expecting a sooner end to the economic recession in the country to perish the thought, stressing that with what can be gleaned from the 2017 budget, the economic downturn would last longer than expected.
He stated this on Tuesday at the Nnamdi Azikiwe University, NAU, Awka, while inaugurating a building donated to the radio station of the Department of Mass Communication, NAU, by the university’s Dean of Social Sciences, Prof. Chinyere Okunna.
Asserting that it was foolhardy for anybody to think that the recession would end soon, Obi said, “I laugh when I hear people say the recession will soon end. This is not true. A critical analysis of the 2017 budget will show you that the recession will not end soon”.
“But there is hope. The hope is for us to change our spending system. Government should cut down the cost of running government.
“If you see any government spending extravagantly, you shout and nothing will happen to you because it is your money that is being spent. That is one of the ways to tackle this recession,” he said.
In her remarks, Okunna explained that she donated the building to support the institution that had become a part of her.
“I came into this university over 20 years ago and as we are winding down our stay here, I felt that I should leave a legacy here.
“We could not have done this without the support of the Vice-Chancellor, Prof Joseph Ahaneku, and the members of the management of the university, who gave us the necessary support,” she said.