Nigerian business mogul and 2016 Ondo-State governorship aspirant, Jimoh Ibrahim has warned the administration of President Buhari to take drastic action in order to take Nigeria out of economic recession.
The business mogul Jimoh Ibrahim says the current economic recession Nigeria are facing may last for 20 years, if care is not talking due to the global oil price continues in its downward trend.
Mr. Ibrahim gave the warning yesterday at the launch of the book, ” Worshipper In the Temple of Justice ”, organised in honour of emeritus professor of law, David Ijalaye, at the Oduduwa Hall of the Obafemi Awolowo University.
- “With the current crude oil prices and current situation of the country, except there is a miracle that will chance the situation, we may be experiencing this recession for 20 years,” he said.
“Our Naira has lost its value and this is the worst recession I have seen in many years and nothing seems to be happening.”
Mr. Ibrahim recommended that Nigeria adopts the economic model of Iran in order to record meaningful development.