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Billionaire Businessman, Jimoh Ibrahim Says Recession May Linger For The Next 20 Years

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The Chairman/ CEO of Global Fleet Group, Jimoh Ibrahim, has said that the current economic recession may continue for the next 20 years in Nigeria.

The business expert believes the backdrop would continue if the captains of the economic team fail to re-evaluate Nigeria’s economic policies.

He said this while delivering a lecture at the Obafemi Awolowo University (OAU), legal week in Ile Ife, Osun state.

The Legal Week which was themed: “The Nigerian Economy: Roles of the Worshipers In The Temple Of Justice”, had in attendance, renowned legal practitioners.

Mr Ibrahim who was a guest lecturer at the event said the recession presents a veritable opportunity for the country to leave oil and develop other real sectors of the economy.

He suggested that the Federal Government needs to partner with its business community to get out of the recession as the economic policies of the current government are too harsh to encourage investment.

The barrister asserted that the government must work hard in translating the country’s GDP growth into individual growth.

He also stressed that the recent revelations by the raid on some judges across the country further strengthens the reasons for economic trauma in the country.

Chairman of the Lecture and Senior Advocate of Nigeria, (SAN), Mallam Yusuf Alli,also opined that “Nigerians must make their leaders accountable to them by first raising their individual consciousness to being patriots in their own rights”.

 

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