For Nigeria’s economy to be revamped, its citizens must go out and
work hard instead of depending on prayers, the Chairman, Standard
Chartered Bank Ltd, Oluremi Omotosho, has said.
“Prayers and bold pronouncements are not enough,” Mr. Omotosho said
recently in Lagos, during the investiture of the president of Rotary
Club of Ikeja, District 9110, and the induction of new Board of
Directors for the club.
“We need to work both hard and smart, with our leaders leading the way.”
Since the global fall in oil prices, the most populous black nation
in the world has been thrown into serious economic crisis, with the
naira on a free fall against the U.S dollar, increasing rate of
inflation, with most state governments unable to pay their workers.
Figures released on Wednesday by the National Bureau of Statistics confirmed that the country is in recession.
Even with the economic hardship, Nigeria is known for spending billions of naira to sponsor religious pilgrimage.
A 2015 survey by WIN/Gallup International showed that the country is
one of the most religious in the world; Eighty-three per cent of
Nigerians who responded to the survey considered themselves religious.
Mr. Omotosho said the country’s economy could be grown back to its
robust status if the leaders are determined to make it happen. There
must be integrity and accountability in the management of national
assets, he said.
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