‘How government, enterprises can avert recession’

An economic expert, Amos Omotade-Sparks, has advocated full-blown economic diversification as a means of overcoming downturn occasioned by the rampaging COVID-19 pandemic.

Speaking to journalists in an interview in Abuja, Omotade-Sparks explained that the time had come for Nigeria and its citizenry to expand their frontiers of financial opportunities in a bid to avert a looming recession of the economy.

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Specifically, he urged businesses and Nigerians to explore the emerging opportunities in blockchain to optimise their operations and income earning potentials.

According to Omotade-Sparks, who is the President of InksNation DAO Foundation, with COVID-19 hitting hard on all sectors of the economy, with people losing their jobs, the logical option for Nigerians was to fashion out ways to function as entrepreneurs using digital technology.

He maintained that the blockchain means of staying economically viable was rewarding and impactful, adding that over 500,000 Nigerians had already benefited because of the need to alleviate poverty.