The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has attributed the current economic recession biting the nation to the relegation of the traditional trade by batter for modern method.

Speaking on Monday during the celebration of Aje festival (festival of wealth) in Ile-Ife attended by residents, guests and worshippers from different parts of the world, Oba Adeyeye stated that trade by barter remained one of the best trading systems in the world regretting that Nigeria and other African countries began to have economic challenges when they relegated the method.

To revive Nigeria and Africa economy, the monarch advised that the nature should be upheld in addition to massive involvement in agriculture.

Iyaloja General of Nigeria, Folashade Tinubu-Ojo who led leaders of markets from across Nigeria urged  leaders in the country to use the opportunity of Aje festival to intensify efforts in ending recession in the country.