NASME makes case for diversification of the economy

The Chairman, Nigeria Association of Small and Medium Scale En­terprises (NASME), Rev. Taye Adeyemo has called on Nigeri­ans to re-engage their strategy to improve the economic situ­ation of the nation.

Adeyemo who stated this at the 2016 Mega Trade Fair, Media Launch and Press Con­ference organised by Mr. De­light Owoyemi last Thursday at Ibadan, the Oyo State capital, said that Nigeria for too long depended only on one source of revenue which is why the people are suffering today.

Speaking on the topic: ‘Di­versifying Nigerian economy: discovering sustainable alter­natives to oil’, Adeyemo said that the government had de­voted much of its earnings from the non-oil sector to de­velop oil.

According to him, oil has put the nation’s resources in the hand of few. The over-de­pendence on oil in the coun­try has brought the nation to its present hardship.

“The oil is gradually going into extinction and price fall­ing every minute. It is good that government now realises that only the development of the non-oil sector could guar­antee all-round development,” he said.

He said that exporters of products from the non-oil sec­tors have a brighter chance en­hancing the nation’s econom­ic growth.

The Speaker, Oyo State House of Assembly, Hon. Mi­chael Adeyemo, and the Ibadan Zonal Director, Nigeria Broad­casting Commission (NBC), Mrs. Pauline Ehusane, also called for the diversification of the economy.

Adeyemo, who was repre­sented by Hon Gideon Aremu said that the current econom­ic situation of the country de­manded discipline, hard work, sincerity and devotion.