Expert urges focus on non-oil sector for Nigeria’s economic growth



Expert urges focus on non-oil sector for Nigeria’s economic growth

By Muhyideen Jimoh

Mr. Innocent Ogu, President of African Legacy International, called for more focus on the country’s non-oil sector to accelerate Nigeria‘s socio-economic development.

Ogu made the appeal in an interview with the Nigeria News Agency Sunday in Abuja.

He said there must be a conscious and direct shift from the oil sector to the non-oil sector for Nigeria to expand its income base and tackle the unemployment problem in the country.

Ogu said African Legacy Intl, together with the Office of the Secretary of the Federation Government (SGF), will host the 10th Nigeria International Fair / Exhibition in Abuja in October as part of efforts to develop the non-sectoral sector. oil tanker.

“African Legacy Intl, in partnership with the SGF office and Paradise Productions Ltd, will organize the 10th Nigeria International Fair / Expo in Abuja from October 19-21.

“This exhibition mainly focuses on how we can harness and present our non-petroleum products for the economic and industrial development of Nigeria,” he said.

Ogu said that more than 21 ministries, departments, agencies (MDAs) and many foreign countries in Europe, Asia and America have expressed interest in participating in the International Expo.

“The theme of this year’s international fair / expo is non-petroleum products as a panacea for our economic and industrial development and many foreign countries have expressed their interest because they want to come and invest in Nigeria,” he said. .

The entrepreneur insisted on the need to create an appropriate value chain for agricultural products to meet export standards, thereby generating income for the country.

He said agriculture, which contributes around 40% of gross domestic product (GDP) and a source of employment for many Nigerians, could be made more viable through deliberate policies and initiatives such as the Expo.

“I can tell you that the non-oil sector, if properly exploited, will create a leap forward for Nigeria in terms of job creation, foreign investment and industrialization of the country,” he said. he adds.

Ogu therefore called on stakeholders to support the federal government’s public-private partnership aimed at diversifying the economy and ensuring rapid economic growth.

Source: NAN

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