Group blames economic woes on corruption


By Matthew Ojebola   Monday, 27 Sep 2010



THE Saving the Economy of Nigeria Campaign Group has attributed the poor performance of the economy to high level of corruption.


The body, at a forum in Lagos on Friday, said the economy would be resuscitated to a large extent if the issue of corruption was properly checked.


Speaking to our correspondent in a separate interview during the course of the programme, the National Co-ordinator, STEN, Mrs. Helen Osemede, said the revenue from oil was not properly channeled to productive areas, adding that the sole dependence on this source of revenue by the economy, was threatening economic growth.


According to her, the agricultural sector should be revitalised and government should take up the initiative instead of leaving it in the hands of individuals.


She said the Federal Ministry of Agriculture should be involved in field processes and should go beyond giving aids for agricultural development.


Source: The Punch


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