The Institute of Directors (IoD) says the present administration s efforts at diversification of the economy from oil exports gives hope of the country becoming a stronger nation.
Chief Chris Okunowo, IoD President, made the assertion at the Institute\u2019s 37th Annual General Meeting (AGM) which held physically and virtually on Thursday in Lagos.
Okunowo said that government\u2019s implementation of the Economic Sustainability Plan and the Medium-Term Expenditure Framework (2021-2025) emphasised the need to diversify Nigeria\u2019s economy and ensure growth in non-oil exports.
He said the move implied that Nigeria was showing what recovery could mean for countries that had been most impacted by the COVID-19 pandemic and its resultant economic and security crises.
\u201cWe expect that as the government focuses on building an enduring business environment through renewable capacity, women and youth empowerment, climate-smart agriculture and overall economic diversification, we can be hopeful for a Nigeria that is on the path to becoming a strong nation,\u201d he said.
Okunowo stated that the pandemic presented an opportunity to reset Nigeria\u2019s economy by consolidating on the ongoing reforms related to the removal of fuel and electricity subsidies and a massive programme on harmonisation of citizen\u2019s data…..<\/p>\n\n\n\n