Nigerian Canadian Newspaper Canada
For advert, please contact
publisher@nigeriancanadiannews.ca
1 (416) 318-3506
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
Nigerian Canadian Newspaper Canada
No Result
View All Result
Home Business

How Nigeria can avoid another recession – ICAN

NigerianCanadianNews by NigerianCanadianNews
October 9, 2017
in Business, News, Nigerian News
0 0
0

The Chairman of the Western zone of the Institute of Chartered Accountants of Nigeria, Mikahil Ogundiran, has called on the Federal Government to free the nation’s economy from dependence on oil by focusing on other sectors for foreign earnings.
According to him, this will sustain the economy and allay the fear of falling back into a recession.
The Federal Government had announced that the economy exited recession in the second quarter.

Ogundiran, who is the immediate past chairman of Ogbomoso (Oyo) District Society of ICAN, spoke at the investiture of the new Chairman of the district, Mr. Ismail Adigun, in Oyo town.
He said, “The economic team of the Federal Government could not be far from the truth by saying that we are technically out of recession. It is not what can be declared without studying the indices that we use to determine what the economy is saying. When you see an upward trend in the indices by which an economy is measured, then we can say that we are out of recession.
“The government had no option but to announce that we were in the state of economic recession. It was a way of asking Nigerians to reduce their expectation from the present government because of the corruption that was perpetrated under the last government.”
He added, “For Nigerians to start feeling the effect of coming out of recession, corruption must be reduced. Sooner or later, our oil will become irrelevant because of the new technological breakthrough.
“We now have cars running without fuel and so on. For us to develop as a nation and to feel the effect of economic growth, Nigeria must quickly diversify its economy and target foreign earnings from other sectors rather than oil.”
Ogundiran added that Nigeria must also manage the present gains of its economy to avoid a repeat of what it experienced in the past, urging government at all levels to show more commitment to the welfare of the populace.
“We need to study the situation well so that we do not go back into recession. Recession is not strange. It is part of the cycle of an economy. Once in a while, it will appear and disappear. But what we experienced was caused by the recklessness in the management of our economic resources over the last few years.

Post Views: 232
Tags: ICANrecession
ShareSendShareSend
NigerianCanadianNews

NigerianCanadianNews

Related Posts

Nigeria Police to investigate singer Mohbad’s death
Health

Lagos NANNM: Suspect arrested for injecting Mohbad not registered nurse

September 23, 2023
IPOB: Nigerian government knows those behind latest attack on security personnel
Nigerian News

Ohanaeze says unknown gunmen, security agents have turned South-East into a ‘killing field’

September 23, 2023
Mohbad’s mother talks about why she kept relationship with artiste secret
Entertainment

Mohbad’s mother talks about why she kept relationship with artiste secret

September 23, 2023
Next Post

Jackie Chan’s daughter, Etta Ng, reveals she is lesbian

Family reacts to death of another Davido’s friend, DJ Olu

Ugwuanyi, Obasanjo Foundation, US partner to offer treatment to people with hearing impairment

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Health

Lifestyle

Community

Sports

Worldwide

Contact Us

Quick Link

  • Home
  • Advertise
  • Careers
  • Monthly Edition
  • Home & Property
  • World News

Recent News

  • Navigating the Dating Scene at 50: Anticipations, Pitfalls, and the Pursuit of Genuine Love September 24, 2023
  • Embracing Intimacy at 50 and Beyond: Navigating the Landscape of Sexuality and Relationships September 24, 2023
  • Blending Families with Love and Understanding: A Guide to Anticipating and Caring for Stepchildren September 24, 2023

© 2023 Nigerian Canadian Newspaper Canada. Powered by NASCI.

No Result
View All Result
  • World
    • Africa
      • Nigeria
    • North America
      • Canadian News
      • USA
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
  • Lifestyle
    • Religion
    • Technology
    • Sports
    • Beauty/Fashion
    • Relationships
    • Food/Drinks
    • Home & Property
  • Community
    • Events
    • Churches
    • Obituaries

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT