FG Will Continue To Maintain Diversification Of Nigeria’s Economy – Udoma

FG Will Continue To Maintain Diversification Of Nigeria’s Economy – Udoma

Minister of Budget and National Planning, Udo Udoma has reiterated the committment of of the Federal Government to rediversify the nation's economy from her initial depency on oil to a level of agriculture.Speaking on the achievement and progress made by the Economic Recovery and Growth Plan (ERGP) culminated in the country exiting recession, Udoma noted that the government are willing to maintain that gradual rise in the nation's economy.“What we are trying to do basically is to diversify the economy. It is true I do agree that at the moment we are dependent on one commodity – crude oil. That is something that we inherited and our plan is to move out of that dependency, but to move out of that dependency, we need the resources from crude oil and that is why we have a lot of initiatives in the Niger Delta to try and get oil production back.“Yes, we are dependent but our plan is to move out of that dependency and therefore we are putting a lot of resources on agriculture and agriculture has been moving up, production has moved up. We are putting a lot of resources as well as to get manufacturing going, and in the 2017 Budget, we allocated funds for special economic zones in each of the geo-political zones of Nigeria By Ehis Austine
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