Archive Bishop Holds out the Hope for Africa's Largest Economy

Bishop Holds out the Hope for Africa’s Largest Economy


- Advertisment -

Jude Chukwuemeka

Presiding Bishop of Living Faith Church Worldwide (Winners’ Chapel), David Oyedepo, recently said that agriculture, not crude oil holds the greatest prospect for the African continent.

The Bishop also said that the current falling price of oil at the global market, with its attendant devastating effects on the economy of oil dependent nations, is an eloquent testimony to this assertion.

He made the observation at the 6th matriculation ceremony of the Landmark University, Omu-Aran, Irepodun Local Government Area of Kwara State.

The university on the occasion matriculated 513 students, cutting across colleges of agriculture, science and engineering and business and social sciences.

He lamented that given the prevailing drop in the prices of crude oil at the international market, the economic outlook of Nigeria is gloomy.

Said he: “With the share index and market capitalization dropping, excess crude account shrinking, foreign reserve dropping and the naira band being devalued, it is obvious that the economic outlook for Africa’s largest economy appears to be gloomy.

“Hence, nothing can be more apt and timely than the vision of Landmark University which is to become a leading world-class institution by spearheading an agrarian revolution on the African continent through the exploration of hidden treasure in the mother-earth, thereby restoring the dignity of the black race.”

Quoting United Nations Foods and Agriculture Organisation, Biship Oyedepo, who was represented by the Vice Chancellor, Covenant University, Otta, Ogun state, Prof Kayode Ayo added that “almost all the hungry people (780 million) live in developing countries, representing 12.9 percent or one in eight of the population of developing countries.”


Please enter your comment!
Please enter your name here

Latest news

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living With Dissabilities (JONAPWD ) in Lagos state has commanded Babajide...

Groups Call On Judicial Panels Of Inquiry To Dispense Justice On Victims, Survivors Of Police Brutality

Kenneth Afor | The Network on Police Reform in Nigeria (NOPRIN) and Centre for Law Enforcement Education (CLEEN Foundation) has...

COVID-19 Second Wave: FG Urged To Ban Flights From Britain, Others

By Ijeoma Ukazu | With some countries currently experiencing the spread of the new COVID-19 variant, the Health Writers’ Association...

“I am not distracted by calls for 2023 presidential race” — Yahaya Bello

Kogi state Governor Yahaya Bello has said calls for him to contest in the forthcoming 2023 presidential election is...

AfDB Provides $25m To Boost Low-Carbon Energy Generation

The African Development Bank’s Board of Directors on Monday, December 14, 2020 approved $15 million from the Sustainable Energy...

Civil Defence Receives COVID-19 Testing Equipment

The Commandant General, Nigeria Security and Civil Defence Corps, Abdulahi Gana Mohammadu on Friday in his office received Covid...

Must read

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: