The problems of unemployment and underemployment will continue to persist except the federal government ensures a balance between its investments in the upstream and downstream sectors of the economy.
A cleric, Prophet Adegboyega Ajani, made this declaration in Iwo, Osun State while briefing newsmen.
He said it was bad that the federal government had not made enough provision for the development of the downstream sector, adding that such unbalanced investment programme would always lead to labour instability and unrest.
According to him, implementing investment programmes simultaneously in both the downstream and upstream sectors, would lead to the full utilisation of the nation’s potentials and economic growth.
“Right now, the government has concentrated more on the upstream sector and has not made enough investments in the downstream sector. Such unbalanced or one legged investment programme will continue to herald unemployment, underemployment and outright underutilisation of the nation’s potentials,” he said.
Ajani who is an Engineer and the General Overseer of the End of Time Revival Gospel Church, also bemoaned the inability of the federal government to meet up with the nation’s energy demand, saying that that would continue to hinder economic growth.
He noted that God had blessed the nation with a lot of natural and human resources.
According to him, the government should harness the resources and make the country more economically viable.
The cleric further urged the government to look into the problem of increasing mortality rate, adding that a nation where mortality rate was increasing annually could not be economically viable.
