Recession: DMO drums support for FG’s recovery efforts

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By Chizoba Ogbeche
Abuja

Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has called on Nigerians to be more creative and support the federal government’s efforts at getting the country out of recession.
Nwankwo at a breakfast meeting with editors in Lagos at the weekend, observed that the task of getting the country out of the present economic challenges remains a collective responsibility.
The DMO boss was optimistic that the measures taken so far by the federal government to ensure that the country’s economy becomes sustainable, would be fruitful, noting that there was no reason to despair.
According to him, the authorities were exploring other regenerative areas that abound in the country as part of measures aimed at strengthening the economy.
“Indeed, I am emphasizing that what we are supposed to be focusing on is being able to establish the minimum amount of resources we need to get out of the woods. Let us put our thinking together and identify the needed resources from the most appealing and attractive sources,” Nwankwo said.

“Let me emphasis that our focus is on raising revenue in a way that we will use our resources to solve our problems. The focus for all us is to do whatever we can do to set ourselves on the path of sustainable growth. That path entails that we will diversify our economy in such a way that we have several sources of foreign exchange. That should be one of the indicators.
“If we can replace as many as the things we import, we should be able to establish a sense of sustainability in terms of our recovery. I am optimistic that while the challenges are enormous, the means to get to sustainable growth are abundantly available,” he stated.