The Akwa Ibom State Governor, Mr Udom Emmanuel,has advocated a diversification of the Country’s economy from its dependence on crude oil to other solid minerals including Agriculture.
He made the advocacy while interacting with Government House Correspondents at Ibom International Airport shortly on arrival from official engagement at Lagos State.
He said the present fall in the global oil Market price compels need for meaningful exploration of other resources to boast income and improve the Gross Domestic Product of the Nation.
The Governor maintained that no economy can grow without Private Sector participation and that Government alone cannot bail out the economy outside private sector initiative.
Mr Emmanuel observed that Nigeria having been richly blessed with abundant natural resources, should harness the resources to salvage the economy from collapse and that it behoves the government to encourage private sector participation.
He added that Artisans, Farmers, Operators of Small and Medium Scale Enterprises all have a role in engendering the much needed economic boom.
The Governor attributed influx of investors to the State to the congenial economic environment which his administration has created as well as the industrialization programme embarked upon by the administration and advised people not to be disillusioned by the treat of hard times but should endeavour to contribute their quota assuring that the prevailing hard times won’t last as there is light at the end of the tunnel.