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NAS holds 2017 Feast of Barracuda in Eket

Edet Edet – Eket

The National Association of Seadogs (Pirates Confraternity) Atlantic Shores Deck,  Eket chapter on Saturday held its 2017 Feast of Barracuda in Eket Local Government Area of Akwa Ibom.

The event which took place at Eket Sports Club were attended by members, dignitaries, friends and well wishers among others.

In his remarks, Mr Abraham William, Capoon, NAS of Eket described the association as International charitable and humanitarian organisation comprising of like-minded, intellectually stimulated and disciplined men who are committed to fighting the ills of the society where-ever they may rear their ugly heads.

He said that the organisation was dedicated to humanitarian and charitable endeavours within Nigeria and whatever society the members find themselves.

Capoon William said the practical aimed of the organisation was to fight all social ills and conformist degradation within and outside the midst stand supreme.

“These are translated into the creed which is supposed to act as guide to our acts and thoughts and to the solutions to dilemmas that may face us in making choices in life, ” William said.

The President of association explained that Barracuda is a predatory marine with an elongated body and a projecting lower jaw with fanglike teeth.

He noted that barracuda fish strike with its sharp teeth and moving object in the Ocean.

William lamented that barracuda fish is a terror to all fishermen and seafarers, adding that the fish wrecks havoc on anything across it’s path and would not hesitate to spill blood.

He said that it was a thing of immense joy whenever fishermen and seafarers succeed in killing barracuda fish.

“In the symbolic language of the NAS, the barracuda is metaphorical of all the challenges, ills and constraints militating against the attainment of a just and egalitarian society,  the Seadogs’ El Dorado, the Treasure Island.

He hinted that the NAS all over the World celebrate the feast of barracuda annually.

Our Correspondent reports that this year’s Feast of Barracuda’s theme was “Beyond Oil, Diversification of the Nigerian Economy: Challenges and way forward.

The President said the theme was apt and quite instructive as Nigeria face dire economic realities due to the monolithic nature of the economy occasioned by overdependence on proceeds from crude oil exploration and exploitation.

“We will not also forget that the recent depletion of government revenue due to a free fall of crude oil prices, free fall of the value of the Nigerian naira against the dollars and resultant recession that our Nation-state currently find itself,” William said.

He said, “in order for us to assume our rightful place in the comity of nations, in order for us to attain economic viability and sustainable development, in order for us to banish with finality the vicious cycle of under development, deprivation and negative economic growth, individually and collectively.

“We must get out of our comfort zones, we must put on our green hats and be innovative and we must think “Beyond Oil, ” William said.

Also speaking, the guest lecturer, Prof. Enang Udah, Professor of Economics, University of Calabar who spoke on the theme Beyond Oil, Diversification of the Nigerian Economy: Challenges and way forward.

Udah said that the most common measure of diversification is the use of Gini coefficient, theil, Herfandahi coefficient calculated using Carrere, Straus Khan and Cadot (2007).

He enjoined Nigerians to follow East Asia and most large countries who had diversified the their economy in the 1980s.

Udah defined diversification into two types: Horizontal and Vertical diversification.

“Horizontal diversification is the increase in the number of products lines exported while vertical diversification adding value to existing  export products,” he said.

According to him, the idea is that economic development is anchored not only on new products and markets, but also by improvements in the quality of products that have already been produced and exported.

Prof. Udah listed good governance, formulating and implementating policies that nurture fledgling sectors, efficient co-ordination among different decision makers and stakeholders to shape the governance framework for diversification among others are what drives economic diversification.

The highlight of the event was coming together of dignitaries, members and friends to tackle, brainstorm and collectively find practical solutions to topical societal problems or issues

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