EXPERTS CANVASS NEW ECONOMIC FRONTIERS FOR DEVELOPMENT

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An International Organisation has enjoined the Federal Government on the need to diversify the economy in order to make it the financial hub of the continent. This is the submission of experts at a round-table on the Nigerian Economy in Abuja. They say there is the need to build an autonomous economy that will attract investors, as well as increase the budgetary allocation for agriculture to build more river basins.

Diversification of the economy is the expectation since the attainment of independent in Nigeria. Critical analysis of the indices of development points to the facts that the expected benefits have been undermine by successive Nigerian leader. For those who came to jaw-jaw on how to reinvigorate the Nigerian economy, they are unanimous in their submission that diversification of the economy will enhance national competitiveness as well as create a way to finance power and infrastructures.

They add that there is need also to promote small and medium scale businesses. As they play critical roles through financial inclusion.

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