Saturday, March 6, 2021
Spread the love

The resolve of the Muhammadu Buhari administration to pay particular attention to the growth of the non-oil exports is coming at a period when Government regards it as absolutely important to focus intensely more than ever before on the diversification of the economy.  Substantial gains have been recorded in the past few years. The campaign has been strengthened through policy measures to promote ease of doing business in Nigeria. Presidential Proclamations to improve trade and commerce like the ‘Right of First Refusal’ have been introduced. INVESTING IN NIGERIA: Nigeria is the largest black nation in the world, harbouring over twenty percent of the population of Africa. The strategic position and influence of Nigeria in Africa, over the decades, place great demands, burden and strains on the country as a model for several other African nations. Nigeria is widely regarded as the engine of the economy of West-Africa, a motivator of the African Union, and the catalyst of the African renaissance. Such is the importance of Nigeria in global politics that it is believed that whatever happens in Nigeria has the possibility of reverberating to other nations in the continent. Nigeria is abundantly endowed with human and material resources that could sustain a broad-based growth and development. Nigeria’s economy constitutes 76 per cent of the economy of the Economic Community of West African States, ECOWAS. Nigeria also holds 30 per cent of the economy in sub-Saharan Africa and 21 per cent of Africa’s economy. LIMITLESS OPPORTUNITIES: NIGERIA boasts of the highest pool of highly educated and trained manpower in Africa, in addition to its large population which offers the largest market for investors in Africa. Poor management of the almost limitless and vast human and material resources available over the years has been identified as the bane of Nigeria since independence. From a steadily growing economy sustained by agriculture over four decades ago, the revenue accruing to the nation grew rather steeply, giving rise to the phenomenon of over-reliance on crude oil for economic development. The Hon. Minister of State for Industry, Trade & Investment,  Mrs. Mariam Katagum, who supervises promotion of Nigeria Made products and services activity has assured that she would pull through in implementing Mr. President’s clear and coherent policy designed to foster economic growth within a relatively short period. Apart from soliciting the support of all Nigerians, especially now that COVID-19 has forced the global community back…

This content is for 1 Month Subscription and Unlimited Access members only.
Login Join Now
Social Media Auto Publish Powered By :