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Home Business News

Expert Warns That Recession May Last Longer Than Expected

Chacha Wabara by Chacha Wabara
September 20, 2016
in Business News, Politics, Spotlight
Expert Warns That Recession May Last Longer Than Expected
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Country Director of Plant International, Hussain Abdul, has warned that more hard times await Nigerians as the recession could last longer than expected. He also solicited for heavy taxing of the rich to generate more revenue.

He said this at a workshop in Jos, Plateau State, for secretaries to governments of states governed by the party.

“Nobody should think that we can get out of this recession without taking hard decisions, those living luxury life need to be taxed heavily. How can someone who drives expensive car, on a 500 millimetre Nigerian road pay nothing? Just as the President once said, abnormal challenges need urgent solution, that is what is expected of every Nigerian”, he said.

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The Director General of the Progressive Governors Forum, Salisu Lukman said that FG must take hard decisions must be taken if the country is to overcome the current economic challenges it is facing. He blamed the current situation on over-dependence on one source of revenue and solicited governments at all levels to seek alternate sources of revenue.

Parts of this article originally appeared in Premium Times

Tags: Nigerian recession
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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Comments 1

  1. anodebenze says:
    September 21, 2016 at 12:38 pm

    corruption in Nigeria.what is it ?Corruption is anopportunist adventure by govt official,my view is that govt have not got the time to do anything effeftively and successful before the next election ,most Nigeria want this govt successed in their fight against it,but if they failed to controls or prosecute any suspect successfully,nigerians are going to say things,which will put Nigeria in bad spot.for,corruption to happen will,have a minimum of at least 3 element for it to happen.
    With govt,civil servant,Mr and Mrs public wazobia are part of Nigeria,the important question now is why icpc and effc have not won any cases in court,moreover,this govt have uptill 2019 to turn things right or turn the things right,and the govt faces multiply problems,and people are impenitence for positivism and success,govt have to priorizes their need aspiration,why not fund the police forces well,and the creation of police force financial crime unit,from the state police command.so you fight corruption on all front..
    If your do not stabilizes the economy by any means and get economic growth,any achievement done by this govt is nonsense to any average Nigerian,take corruption as stealing,any Nigerian knows corruption is bad for their soul and for the country.they system create this opportunity,the govt want to review taxes in Nigeria,why have the govt have not done it before within year,yet they wanted to present emergency bill before the nass,such bill can be done through executive power,as the public will always support govt,if they trust them.

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