ADVERTISEMENT

Why 2017 budget may not bail Nigeria out of recession

Newsexpress |23rd Dec 2016 | 2,711
Why 2017 budget may not bail Nigeria out of recession

Udoma_Udo-Udomajpg

A university don, Prof. Park Idisi, says that the 2017 budget may not bail Nigeria out of its economic recession without adequate measures being put in place.

Idisi, who is a senior lecturer at the University of Abuja Agriculture Department, made this known in an interview with the News Agency (NAN) in Abuja on Thursday.

He, therefore, urged government re-organise the system and cut down emoluments of public office holders, lawmakers and political aides in Nigeria.

“The National Assembly members still collect their allowances as if there is no recession; there is no way Nigeria can come out of recession if this continues.”

He said that government should set up industries that would produce heavy equipment, such as cars, caterpillars among others in order to reduce the countries over dependence on foreign goods.

The don stressed the need for the government to give adequate financial support to the small-scale industries so as to boost the economy and create more jobs for the youth.

“The Nigerian government must be serious about the growth and development of small-scale industries and it must be genuinely handled, monitored and managed.”

The professor noted that the current agricultural revolution should focus more on supporting farmers with fertiliser among others inputs.

He called on the government to demonstrate sufficient commitment to research and development the same way it is fighting corruption to move the nation forward. (NAN)

•Udo Udoma.

Comments

Post Comment

 NUPRC: Reforms in Oil, Gas Sector Have Delivered $18bn FDPs in 2025

NUPRC: Reforms in Oil, Gas Sector Have Delivered $18bn FDPs in 2025

Charlie Kirk Murder Suspect Faces Death Penalty After Alleged Confession in Online Messages

Charlie Kirk Murder Suspect Faces Death Penalty After Alleged Confession in Online Messages

Motorists, residents lament as flood submerges Lagos roads

Motorists, residents lament as flood submerges Lagos roads

Stakeholders Reject NERC’s Move to Wheel Excess Solar Power to National Grid

Stakeholders Reject NERC’s Move to Wheel Excess Solar Power to National Grid

Davido set to represent Nigeria at Coachella 2026

Davido set to represent Nigeria at Coachella 2026

FIFA to distribute record $355 million to clubs for 2026 World Cup

FIFA to distribute record $355 million to clubs for 2026 World Cup

Reforms unlock $18bn oil, gas investments for 2025 – NUPRC

Reforms unlock $18bn oil, gas investments for 2025 – NUPRC

‘When I walk up stairs, I get out of breath:’ Usain Bolt on how retirement made him feel human again

‘When I walk up stairs, I get out of breath:’ Usain Bolt on how retirement made him feel human again

E’Guinea’s points deduction ignites Eagles World Cup hopes

E’Guinea’s points deduction ignites Eagles World Cup hopes

Mrs. World Breaks Down Pressure of Being Pageant's First Black Winner in 40-Year History (Exclusive)

Mrs. World Breaks Down Pressure of Being Pageant's First Black Winner in 40-Year History (Exclusive)

Thousands of Travelers Stranded in the UK as Over 60 British Airways Flights Are Canceled Amid Severe Weather, Disrupting Travel to London, Edinburgh, Newcastle, Glasgow, and More

Thousands of Travelers Stranded in the UK as Over 60 British Airways Flights Are Canceled Amid Severe Weather, Disrupting Travel to London, Edinburgh, Newcastle, Glasgow, and More

Trump announces deal with China to allow TikTok to continue operating in US

Trump announces deal with China to allow TikTok to continue operating in US

16 countries demand protection of Gaza-bound aid flotilla, call for respect of international law

16 countries demand protection of Gaza-bound aid flotilla, call for respect of international law

Google to invest $6.8B in UK's AI economy in next 2 years

Google to invest $6.8B in UK's AI economy in next 2 years

Brazil’s ex-president Bolsonaro taken to hospital after feeling unwell, son says

Brazil’s ex-president Bolsonaro taken to hospital after feeling unwell, son says

Why the terror-related murder charges against Luigi Mangione fell apart

Why the terror-related murder charges against Luigi Mangione fell apart

Trump clashes with Australian journalist over business deals in office

Trump clashes with Australian journalist over business deals in office

Trump Escalates Military Buildup in Caribbean After Second Strike on Venezuelan Drug Vessel

Trump Escalates Military Buildup in Caribbean After Second Strike on Venezuelan Drug Vessel

Spanish press react to ‘undeniable’ Marcus Rashford after ‘wonder’ moment for Barcelona in 6-0 thrashing

Spanish press react to ‘undeniable’ Marcus Rashford after ‘wonder’ moment for Barcelona in 6-0 thrashing

Air Peace delays flights over heavy downpour in Lagos

Air Peace delays flights over heavy downpour in Lagos

Wednesday, September 17, 2025 10:59 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025