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| Bishop David Oyedepo |
Presiding Bishop of the Living Faith Church Worldwide
(Winners’ Chapel), Bishop David Oyedepo has said that agriculture is the
greatest prospect for Africa owing to the current drop in oil prices.
Oyedepo stated this during the 6th Matriculation Ceremony of Landmark University, Omu-Aran, Irepodun Local Government Area of Kwara State last Friday.
“With the all 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.”
“Food insecurity is a major global concern as over one billion people are suffering from starvation, under and malnutrition,” Oyedepo noted.
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.
“Regrettably, Nigeria has transitioned from being a self-sufficient country in food to being a worrisome net importer of agricultural produce.
“This dire situation calls for urgency in rejuvenating agriculture sector as viable alternative to the dwindling oil dependent economy. Economic diversification holds great potential to increase Africa’s resilience and fortune. The path to unlocking prosperity in Africa lies in promoting effective agro-business strategies,” he said.
Oyedepo stated this during the 6th Matriculation Ceremony of Landmark University, Omu-Aran, Irepodun Local Government Area of Kwara State last Friday.
“With the all 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.”
“Food insecurity is a major global concern as over one billion people are suffering from starvation, under and malnutrition,” Oyedepo noted.
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.
“Regrettably, Nigeria has transitioned from being a self-sufficient country in food to being a worrisome net importer of agricultural produce.
“This dire situation calls for urgency in rejuvenating agriculture sector as viable alternative to the dwindling oil dependent economy. Economic diversification holds great potential to increase Africa’s resilience and fortune. The path to unlocking prosperity in Africa lies in promoting effective agro-business strategies,” he said.
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