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

Bishop Holds out the Hope for Africa’s Largest Economy

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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.”

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