Nigerians Are Exaggerating The Recession – Rochas Okorocha


Imo state governor, Rochas Okorocha said Nigerians were exaggerating the country’s economic situation. Speaking while playing host to officers from the Nigeria Defence College (NDC), who paid him a courtesy call at the Government House on Monday, October 10, 2016, Governor Okorocha said:

“I think what we call recession has been over dramatised. I say so because agriculture had remained the nation’s main pivot upon which all the sectors of our economy revolve.

Because this vital sector has been neglected, it has given rise to poverty today, including the rise in the dollar and the fall of the naira.”

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Rochas Okorocha

Rochas Okorocha, blamed the current economic challenges facing the nation on the total neglect of the Agricultural sector by the country’s past leaders.

He recalled that before the advent of oil, agriculture provided over 70 per cent of the employment and resources of the country and 75 percent of the country’s foreign reserve.

“Most times in Nigeria, we treat the symptoms rather than the disease. Let us discuss more about the disease, which is the total neglect of the agricultural sector of the nation’s economy by our past leaders.

“Before the advent of oil, agriculture provided over 70% of the employment and resources of our land and 75% of our foreign reserve and that time we were a rich nation.  Oil made us lazy which led us into this recession.”

He added that Imo State is keying into the revitalization of the agricultural  sector. “We have gone deep in our palm plantation and we are moving speedily into rice farming” he added.

Leader of the visiting team, Air Vice Marshal H. C. Okpala, in his remark noted the NDC was where potential strategic leaders were trained.

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He added that training at the NDC, afford participants opportunity to access, suggest and recommend solutions to the federal and state governments for implementation.