Why Nigeria’s Economy Should Be Diversified- APC Governors

Hamilton Nwosa
Writer

Ad

OPEC+’s Strategic Pause Signals a Shifting Oil Power Balance

OPEC+'s "strategic pause" of rolling over production quotas is a reaction to a looming structural surplus, indicating the alliance's waning ability to dictate global oil prices. Non-OPEC+ producers, particularly the United States, Brazil, and Guyana, are driving persistent supply growth that is eroding OPEC+'s leverage and ability to enforce a durable price floor. The current…

Nigeria On Track to Defeat Terrorism — US Lawmaker Declares

By Abiola Olawale A United States congressman, Rep. Riley M. Moore, has expressed optimism that Nigeria is on track to defeat terrorism if the resolutions reached during recent high-level security discussions are implemented. Moore made this known in a press statement posted on his official X handle following the conclusion of a closed-door engagement between…

Super Eagles Begin AFCON Preparation With Friendly Match Against Egypt on Dec 16

By Abiola Olawale ​Nigeria’s Super Eagles are set for a clash against continental rivals, the Pharaohs of Egypt, in a rescheduled pre-tournament preparation match on Tuesday, December 16. The anticipated Egypt friendly is part of the team's final training roadmap for the 2025 Africa Cup of Nations (AFCON 2025) in Morocco. ​The match was originally…

Ad

Outgoing and incoming governors under the aegis of Progressive Governors Forum, PGF, of the All Progressives Congress, APC, yesterday underscored the need for the diversification of the Nigeria’s economy.
The decision followed a communique raised at the end of one day pre-inaugural retreat of the governors in Abuja.According to the governors, running a mono economy dependent on oil has affected agriculture and other sectors which they said could become alternative national income earners.

The event which was declared open by the Vice-President-Elect, Professor Yemi Osinbajo on behalf of the President-Elect, General Muhammadu Buhari was well attended by the governors and Governors-Elect of the party, except Kaduna State governor-elect, Nasir El-Rufai who was visibly absent.Nigeria’s economy

Read also: Covid-19 Shocks: FEC Approves N2.3trn Package To Stimulate Economic Growth

The retreat also deliberated on some critical sectors of the economy which included security, economics, governance, infrastructure, Human and Capital Development.

Chairman of forum and Imo state governor, chief Rochas Okorocha told Journalists that it was necessary to hold the retreat to enable the incoming governors brainstorm on the ways of delivering on their campaign promises especially in the light of the dwindling international oil prices.

Meanwhile, details of the resolutions were:

*That the time to act and change Nigeria is now

*That all those who hold leadership positions in the party are ready to instigate the right followership that will produce results

*That the Nigerian economy needs to be diversified especially towards agriculture

*That the country cannot decide to entirely ban importations of foreign products but look for ways to create a competitive market with those products that are being imported

*That all APC governors will embark on a peer review mechanism to facilitate and replicate positive governance strategies and policies in all progressive states

*In conclusion, the retreat agreed that from the day of inauguration, the activities of the progressives will determine the stature of the party for the future; hence the need for all to begin works that will speak rather than a replication of promises.

Ad

X whatsapp