PETER OBI: YOUTHS, TAKE BACK YOUR COUNTRY.

PETER OBI: YOUTHS, TAKE BACK YOUR COUNTRY
The former governor of Anambra state, Mr Peter Obi has sent out a message to young Nigerians to take back their country in order to change the narrative of Nigerian politics.
ololadesatiric.blogspot.com
Peter Obi speaking at NAPE 2017

This statement was made at the convention luncheon of the Nigerian Association of Petroleum Explorationists on Tuesday, 21st of November 2017 at the EKO hotels in Lagos.
Peter obi, who was the guest speaker alongside Dr. Kayode Fayemi at the event, spoke on changes in the global oil price and impact on Nigeria Economy. He said that statistical evidence proof that Nigeria operates an Oil dependent economy which would definitely run into problems once the sector experience global pricing issues. This is due to the fact that the Oil and Gas Sector (especially Petroleum exports) are the major contribution to Nigeria GDP.
He however attributed this problems to economic mismanagement by the government as the Country barely saves but spends, thereby resulting in low Foreign Reserves and High Inflation.
“The bailer may soon need a bail out”  Mr. Obi,  good-humoredly quoted, citing that the FG which is doling out bail out funds to States may be at risk of grasping at bailout funds itself, what with a reserve of only 30 Billion Dollars compared to other oil producing countries (India:$102B, turkey: $100B). He mentioned that the Paris refunds should have gone into our Foreign Reserves as well.
According to Mr. Peter Obi, this can only be done if Nigerians discontinue the practice of letting mediocrity win at elections due to provision of stomach infrastructure and encourage political drivers that can provide good leadership. He concluded by urging the youths to get involved in restoring Nigeria’s glory, advancing this wagon with firm belief in the country’s prosperous future.
ololadesatiric.blogspot.com
Dr. Fayemi speaking at NAPE Conference 2017

Also speaking at the event was the Minister of Solid Minerals Development, Dr. kayode Fayemi who spoke on the theme “Exploration of Nigeria’s Mineral Resources, Building Hope for Economic Diversification” counteracted Mr. Obi saying Nigeria’s dependence on oil is unsustainable and vulnerable and that is why the present administration of President Muhammadu Buhari insists on cultivating multiple sources of revenue growth.
Conversely, Dr. Fayemi said that diversification must be a long term perspective which will work alongside enablers such as development in the Infrastructural, Trade, Transportation Energy and Power Industries. He said the challenge to the roadmaps to a diversified economy often arise due to electoral circumstances like change of government. This can however be corrected through patriotism of citizens as well as imbibing the political will to do the right thing.
He revealed that most of the resources in the country are still untapped due to low allocation of funds for exploration as well as under-participation by private investors.
ololadesatiric.blogspot.com
Dr. Fayemi & Mr. Peter Obi presented plaques of honor by NAPE

 The Nigerian association of petroleum Explorationists is the largest professional association of petroleum geologists and related disciplines in Nigeria and Africa. It’s 35th annual international conference and exhibitions is currently ongoing at the Eko Hotel and Suites in Lagos and it is to run till the 23rd of November 2017. It features a wide range of activities such as the NAPE’s Young Professional Leadership Forum and fellowship Awards among others.






                                   

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