‘Femi AsuA former Minister of Finance, Mr Olusegun Aganga, has said despite the talk of economic diversification over the decades, Nigeria has not been able to diversify its economy due to a combination of factors. Aganga said the country needed a much bigger economy “that is diversified in terms of domestic revenue generation and export earnings.”He said such an economy would be better equipped to withstand internal and external shocks and compete in the global arena. In his presentation, a copy of which was obtained by our correspondent on Friday, Aganga said economic diversification had eluded Nigeria because of lack of continuity in policies, plans and commitment to economic diversification and quality of governance. The former Minister of Industry, Trade and Investment said, “We are a blessed nation. Nigeria is a country with so much promise, blessed with abundant human and natural resources.

Source: Punch July 31, 2020 21:56 UTC