A financial expert , Mr Bismarck Rewane, on Friday urged the Federal Government to intensify efforts in addressing the challenges of militant activities in the southern part of the country, to boost the nation’s revenue profile.
Rewane, the Managing Director, Financial Derivatives Company Ltd, made the call while delivering the 8th Convocation Lecture of Bells University of Technology, Ota, Ogun.
The News Agency of Nigeria (NAN) reports that the theme of the lecture was ”Nigeria’s Economy Landscape and Recovery Route; Technology and the Future.”
He noted that before the upsurge of militancy, the Nigerian economy was one of the fastest growing economies in the world between 2006 and 2014.
According to him, the country’s average growth rate was about 6.5 per cent before the rise in militant attacks on oil pipelines.
”The growth outlook for the year remains lackluster, if the Federal Government does not have a lasting solution to the problem of militants.
“Niger Delta attacks remain a major threat to sustained recovery of the country.”
Rewane added that for Nigeria to become the largest economy in Africa once more, there was the need for the government to secure a lasting ceasefire in the Niger Delta
Earlier, Prof. Jeremiah Ojediran, Vice-Chancellor of the institution, said that the the lecture was timelyas it addressed critical national issues.
Ojediran noted that economic recession was not only a threat to Nigeria but to the entirely world.
”What the nation needs today is to proffer possible solutions toward solving the nation’s challenges,” the vice Chancellor said. (NAN)

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