Recession is a long race to run - CBN tells Nigerians

The Central Bank of Nigeria, CBN, has stated that the economic recession currently facing the country is not a 100 metre race but a marathon, hence Nigerians should brace up to the challenge.

This was disclosed yesterday in Enugu by the acting Director of Corporate Communications of the apex bank, Mr. Isaac Okorafor, while speaking at the ongoing CBN Fair in Enugu.

He declared that Nigerians must do this by patronising made-in Nigeria goods, instead of spending hard currencies in importing items like toothpick from China or chickens from South Africa.

Okorafor, who blamed the elites for the problems, pointed out that “farmers eat what they produced”.

His words, “We should stop importing chicken when we have them here. Nigeria should brace up. This is not 100 metre marathon. Let us brace up and change our ways.

“The most hit now are people who have refused to realise that we ought to eat what we produce, like the elite. Farmers eat what they produce.”