Gov. Sanwo-Olu reiterated the importance of diversifying Nigeria's economy

Started by Bosunstar, 2025-08-19 09:26

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Delivering the keynote address at the First Bank Nigeria Limited Agric and Export Expo 2025, Governor Babajide Sanwo-Olu reiterated the importance of diversifying Nigeria's economy, emphasizing that the nation's future prosperity cannot rely solely on oil. The Governor stressed that the true bedrock of our economic strength lies in our agricultural sector, the goods we manufacture, and the quality products we can proudly showcase in the global market.

Sanwo-Olu emphasized that developing a non-oil export-driven economy is crucial for creating sustainable jobs, driving innovation, and achieving lasting economic growth for the Nigerian people. He highlighted the immense potential of the agricultural sector, noting that it holds the key to unlocking the nation's economic diversity and promoting export-led growth.

The Governor's remarks underscored the need for stakeholders to work together in harnessing the vast opportunities in agriculture and non-oil exports, which are critical to reducing the country's reliance on oil and building a more resilient economy. By focusing on these sectors, Nigeria can create a more diversified and sustainable economy, capable of generating wealth and prosperity for its citizens.

Through this expo, the Governor expressed hope that stakeholders would engage in fruitful discussions, share ideas, and forge partnerships that would drive the growth of Nigeria's non-oil export sector, ultimately propelling the nation towards a more prosperous and self-sufficient future.

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