Business Briefs
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OLUSEGUN Awolowo, executive director, Nigerian Export Promotion Council, NEPC, has said that Nigeria needs export revolution to rank among the greatest countries of the world with sound economy and foreign reserves comparable to the key global players. Awolowo stated this, while presenting a roadmap for the nation’s economy in a paper titled, “The Zero Oil Plan and an Export Revolution” during a Development Agenda for Western Nigeria, DAWN, Commission/NEPC dialogue on economic diversification with some representatives of six south-west states, at the headquarters of DAWN Commission, Cocoa house, on Wednesday, June 8, in Ibadan.
His presentation centred on how Nigeria can evolve a workable economic plan and blueprint on agribusiness and other non-oil sectors that are capable of growing the nation’s external reserves, generating employment and by extension, drastically making the naira to rise against other currencies of the world especially the United States Dollar. He said Nigeria could lead the export revolution in Africa as a continent by leveraging on its diversities and natural resources in a way that the One State One Product Programme, OSOP, can be a success for all the states in the federation.
Awolowo said the Western Nigeria for example can grow cocoa, gold, rubber, palm oil, cashew, cassava etc, while the other states too can look inward and evolve workable resources that they could contribute to grow the nation’s economy and in the long run make Nigeria to fully earn more resources from a zero-based economy as a continental powerhouse. He said to achieve the agenda, NEPC under him, has set a long term target of achieving a $100 billion earnings for the nation from non-oil exports to salvage the country from it’s over dependence on oil.
— Jun 20, 2016 @ 01:00 GMT
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