Coronavirus has reinforced our resolve to diversify economy - Minister of Finance

The Federal Government has revealed that the recent pandemic of the coronavirus , has reinforced its resolve to diversify the economy of the country, especially from over-reliance on oil.

“Interestingly, the unfolding events of the past few months, the coronavirus pandemic and the oil price war, have further reinforced our resolve to diversify our national economy. “Imagine when all these endowments and activities are further expanded and formalized. There will definitely be greater prosperity for everyone. I believe this Conference will contribute to realizing this vision”.

“We believe that if we can develop and institutionalise a vibrant commodities trading ecosystem in Nigeria, we can substantially address problems such as lack of storage, poor pricing, non-standardization, as well as low foreign exchange earnings affecting our agriculture and other commodities sub-sectors”.

Source: News Formal (newsformal.com)

Are u just waking up?

simplest way to deversify is to allow the states to contribute a percentage of its produce to federation account by taxation

There's no need to diversify. Don't worry oil price will increase to 500 dollars/barrel. Dont mind corona, it's just doing shakara for FG

many have this ideals Nigeria need to diversify economy including myself.

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