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Our economy has gone down, Ngige to US Ambassador

Valentine Chinyem

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The Minister of Labour and Employment, Dr. Chris Ngige yesterday declared that Nigeria’s economy has “gone down.”

The minister said this while receiving the United State of America Ambassador, Mary Beth Leonard.

According to him, the reason for the decline is none other than the over-dependence on petroleum alone, adding that “with Nigeria’s population of over 200 million, things are not going well.”

Adding that, “Our economy has gone down; we know we made the mistake of relying on products, petroleum. When petroleum prices loop down, we had some insurgency in area of production in Niger delta, our earning concomitantly, had to do down.”