FG tasks On Downstream And Upstream Investment Balancing
The Federal Government has been charged to ensure a balance between its investments in the upstream and downstream sector of the economy.
Giving the charge at the weekend while briefing newsmen at Iwo, Prophet Adegboyega Ajani said until this was done, the nation will continue to battle with challenges of unemployment and underemployment.
The cleric said that the federal government has not made enough provision for the development of the downstream sector, adding that such unbalanced investment programme will always lead to labour instability and unrest.
According to him, implementing investment programmes simultaneously in both the downstream and upstream sectors will lead to the full utilization of the nation’s potentials and economic growth.
“Right now the government has concentrated more on the upstream sector and has not made enough investments in the downstream sector. Such unbalanced or one-legged investment programme will continue to herald unemployment, underemployment and outright underutilization of the nation’s potentials”, he said.
Ajani who is an Engineer and the General Overseer of the End of Time Revival Gospel Church, also bemoaned the inability of the federal government to meet up with the nation’s energy demand, saying that this will continue to hinder economic growth.
He noted that God has blessed the nation with a lot of natural and human resources, adding that the government should harness the resources and make the country more economically viable.
The Cleric further urged the government to look into the problem of increasing mortality rate, adding that a nation where the mortality rate is increasing annually can not be economically viable.
