The Secretary to the Government of the Federation, Mr Boss Mustapha, has urged government at all levels to create an enabling environment that will promote diversification of the economy.<\/p>\n\n\n\n
Mustapha said this on Tuesday in Abuja while declaring open the 11th Nigeria International Trade Fair\/Expo with the theme: \u201cDiversification as Catalyst to our National Development\u2019\u2019.<\/p>\n\n\n\n
Represented by Mr Okokon Etoabasi, Acting Director, Public Affairs and Bilateral Department, Office of the Secretary to the Government of the Federation, Mustapha emphasised the need to de-emphasise mono-economy system.<\/p>\n\n\n\n
He said that more attention should be paid to heterogeneous economy.<\/p>\n\n\n\n
\u201cIt is a known fact across the globe that for a country to attain growth and development, its economy has to be diversified.<\/p>\n\n\n\n
\u201cDiversification does not occur in a vacuum. Mono-economy needs to give way to the productive development of various sectors of the economy,\u2019\u2019 he said.<\/p>\n\n\n\n
Mustapha emphasised that Nigerians must look inwards and be proud of what they produce.<\/p>\n\n\n\n
According to him, the event provides a synergy between the Federal Government and the private sector in diversifying the economy.<\/p>\n\n\n\n
\u201cOver the years, dependence on oil has made us a mono economy, hence making us a consuming economy rather than a productive economy.<\/p>\n\n\n\n
\u201cFor us to develop economically, we must embrace diversification of our products,\u2019\u2019 he said.<\/p>\n\n\n\n
Also speaking, the Minister of Labour and Productivity, Chris Ngige, hailed Nigerians for their ingenuity<\/p>\n\n\n\n
Represented by Mrs Tilda Mmegwa, the Special Assistant to the President on Job Creation, Ngige reiterated Federal Government\u2019s commitment to ensuring an enabling environment for improved creativity.<\/p>\n\n\n\n
He noted that indigenous manufacturing remained the foundation for the industrial revolution, critical in boosting the country\u2019s economy.<\/p>\n\n\n\n
According to him, this is essential considering the role it plays in boosting export and foreign reserves and in creating employment.<\/p>\n\n\n\n
While identifying the trade fair as a splendid avenue that showcased the ingenuity of Nigerians, Ngige noted that more could be achieved with the right incentives.<\/p>\n\n\n\n
The organiser, Ambassador Israel Edward, Chairman Paradise Productions Limited, said that the event was designed to showcase non-oil products, organic and natural products, foods, indigenous arts, cultural heritage, agricultural and agro-allied industries.<\/p>\n\n\n\n
Edward said that Nigeria must increase productivity to improve value of the Naira.<\/p>\n\n\n\n
He expressed concern that dependence on oil distracted Nigerians from exploring other avenues to grow the economy.<\/p>\n\n\n\n
\u201cWe need to go back to when we had rice pyramids and cocoa houses, whereby agriculture was our main stay,\u2019\u2019 Edward said.<\/p>\n\n\n\n
Similarly, Alhaji Ibrahim Mohammed urged the Federal Government to ensure that the right infrastructure was in place to promote the activities of local manufacturers.<\/p>\n\n\n\n
He said that the availability of infrastructure such as electricity and production machines were crucial in boosting the activities of Small and Medium Enterprises (SMEs).<\/p>\n\n\n
The Secretary to the Government of the Federation, Mr Boss Mustapha, has urged government at all levels to create an enabling environment that will promote diversification of the economy. Mustapha said this on Tuesday in Abuja while declaring open the 11th Nigeria International Trade Fair\/Expo with the theme: \u201cDiversification as Catalyst to our National Development\u2019\u2019. […]<\/p>\n","protected":false},"author":2,"featured_media":43049,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[323],"class_list":["post-43151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-trade-fair","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n