Politics
Breaking: Stakeholders Urge FG To Embrace Economic Diversification, Move Beyond Oil
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Stakeholders from various sectors are urging the Federal Government to shift course after six decades of heavy reliance on petroleum resources. They are advocating for a diversification of the economy with a particular focus on underdeveloped sectors like tourism…CONTINUE READING
These stakeholders are underlining the importance of leveraging Nigeria’s vast fertile land, a substantial labor force, and a dynamic entrepreneurial culture to foster growth and generate employment opportunities.
Henry Thomas, the Executive Director of Advocacy for Good Ethics and Accountability Development, made this appeal during the group’s second legacy summit held in Abuja.
He remarked, “The year 2023 has been a very challenging and difficult year for almost everyone in the country. Nigeria, as a nation, has no business with poverty; the country possesses rich natural and human resources. Nigeria was a leading producer in various sectors such as apparel, garment, arts and crafts, and cosmetics. The beauty industry and agro-commodities contributed significantly to the growth of our nation’s Gross Domestic Product (GDP).”
Sam Agbi, a former Director of Performing Arts at the National Council for Arts and Culture, highlighted the imperative for the country to tap into the wealth of the creative industry.
“You leave your house for a purpose. You don’t just travel just like that; there must be a reason, and so you marry tourism and culture. But, in the case of Nigeria, it is only cultural tourism that we have a comparative advantage.”
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