{"id":71296,"date":"2020-01-13T17:57:37","date_gmt":"2020-01-13T16:57:37","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=71296"},"modified":"2020-01-13T17:57:37","modified_gmt":"2020-01-13T16:57:37","slug":"on-the-diversification-of-the-economy","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/on-the-diversification-of-the-economy\/","title":{"rendered":"ON THE DIVERSIFICATION OF THE ECONOMY"},"content":{"rendered":"<p>BY JIDE AYOBOLU<\/p>\n<p>The Minister of Industry, Trade and Investment, Niyi Adebayo, has called<br \/>\nfor more commitment from workers of the ministry to achieve the<br \/>\ndiversification agenda of the Federal Government. He said the ministry<br \/>\nwas central to the economic diversification agenda of the government,<br \/>\nadding that without the support of the employees, it would be difficult<br \/>\nto implement policies of government that would drive growth and reduce<br \/>\nthe level of unemployment in the country Adebayo disclosed this during a<br \/>\nmeeting with leaders of the four workers\u2019 unions of the ministry who<br \/>\nhad resolved their differences and came together as a team to achieve<br \/>\nthe mandate of the ministry.<\/p>\n<p>A statement from the ministry said the minister reminded the workers<br \/>\nthat President Muhammadu Buhari gave them a marching order to drive<br \/>\ngrowth, diversify the economy, create jobs and boost export. He said the<br \/>\nultimate aim of these objectives was to lift 100 million people out of<br \/>\npoverty in the next 10 years. He added that the ministry was working<br \/>\nassiduously towards the direction in achieving that mandate. \u201cNothing<br \/>\ncan be achieved if the unions refused to resolve their differences and<br \/>\ncome together as a team to move the ministry forward,\u201d the statement<br \/>\nquoted him to have said. Adebayo, according to the statement, also<br \/>\nassured the leaders of the unions of his support and urged them to<br \/>\ncontinue to work together with the new permanent secretary particularly<br \/>\nin the area of staff welfare.<\/p>\n<p>He further assured them that the ministry would look into their<br \/>\nsuggestion on the need to have a resident labour desk officer from the<br \/>\nFederal Ministry of Labour and Employment to assist the management on<br \/>\nlabour matters. The Minister of State at the ministry, Ambassador Mariam<br \/>\nKatagum, challenged them to come up with a strategic vision to achieve<br \/>\nthe goals of the ministry. She said, \u201cNow that you have a brand new<br \/>\npermanent secretary, you should be able to extract whatever you need to<br \/>\nhelp him get motivated to make you happy so that you can contribute your<br \/>\nquarter to national development.\u201d<\/p>\n<p>Earlier, Sani-Gwarzo, the Permanent Secretary pledged to put in his best<br \/>\nto support the ministers to achieve their agenda for the ministry. He<br \/>\nsaid, \u201cI was told that one of the issues that we are going to face is<br \/>\nthe union but when I came here, I realised that all of them have one<br \/>\nthing in common; they have a sincere mindset to move the ministry<br \/>\nforward. \u201cThe greatest gift I have received here is your support and<br \/>\nthe second is the fact that the unions have resolved to work together to<br \/>\nsupport the ministry.\u201d<\/p>\n<p>President Muhammadu Buhari says his administration\u2019s investment in<br \/>\ninfrastructure like rails, roads, bridges and waterways have started<br \/>\nyielding positive results with tangible evidence for all to see.<br \/>\nAccording to the president, the special attention given to<br \/>\ninfrastructure by his administration will be intensified, since the<br \/>\ninvestments had been justified with more people benefiting.<br \/>\n\u201cInfrastructure is vital to economic development. As you are aware,<br \/>\nthis administration has given special attention to infrastructural<br \/>\ntransformation of our country. \u201cThis is in consonance with the change<br \/>\nphilosophy of the administration. Such projects and programmes form part<br \/>\nof our contribution to national development, which are tangible for all<br \/>\nto see,\u201d he said. They will also help in no small measure in the<br \/>\ndiversification agenda and process of the present administration.<\/p>\n<p>Recalled that, President Muhammadu Buhari has said that his<br \/>\nadministration saves the nation about N25 billion monthly. President<br \/>\nBuhari stated this, in Jos, at the graduation ceremony of Senior<br \/>\nExecutive Course 39 of the National Institute for Policy and Strategic<br \/>\nStudies (NIPSS) Kuru, Plateau state. Represented by Vice President Yemi<br \/>\nOsinbajo, Buhari said his government was able to achieve this through<br \/>\nthe stoppage of unnecessary allowances for government officials and<br \/>\nblockage of other financial leakages in all its agencies. The president<br \/>\nalso scored his government high saying the administration has<br \/>\neffectively tackled corruption, adding that said the government will not<br \/>\nrelent in its fight against graft. The vice president said the ongoing<br \/>\nelementary school feeding programme has targeted 5.5 million children to<br \/>\nbe captured in 19 states before the end of the administration\u2019s<br \/>\ntenure. He also said the challenges being faced concerning power supply<br \/>\nin Nigeria will soon be history. He urged authorizes of NIPSS to improve<br \/>\non recommendations made by its participants while discussing national<br \/>\neconomic development. He assured that the federal government would make<br \/>\n\u201cgood use of recommendations of the course participants on<br \/>\nagriculture.\u201d<\/p>\n<p>Also, the Minister of Information and Culture, Alhaji Lai Mohammed said<br \/>\nPresident Muhammadu Buhari\u2019s administration recorded laudable<br \/>\nachievements, in spite of terrible economic downturn and an empty purse<br \/>\nfoisted on it. The minister said this at the inauguration of a book<br \/>\nchronicling the administration\u2019s achievements in Abuja. The minister<br \/>\nsaid through a commitment to discipline, determination and transparency,<br \/>\nthe administration recorded landmark achievements that we&#8217;re putting our<br \/>\ncountry on the path of sustainable growth.<\/p>\n<p>This government is committed to prudently managing and stopping waste<br \/>\nand leakages in the system, there will be no room for duplication of<br \/>\noffices and responsibility; the Buhari led government has shown that it<br \/>\nis its desire that everybody benefits from the goodies that the change<br \/>\nmantra will bring to the country and not just a few people.<\/p>\n<p>The Buhari led government has been working round the clock to ensure<br \/>\nthat the suffering of Nigerians are assuaged and ameliorated, by laying<br \/>\na solid foundation for a greater and better tomorrow. The campaign of<br \/>\ncalumny against the government of President Buhari has been largely<br \/>\npredicated on ethnicity and tribal particularism as well as politics of<br \/>\nvendetta, especially by the opposition party that roundly defeated at<br \/>\nthe polls after many years of misrule, bad governance and monumental<br \/>\nfraud. The other point which cannot be waved aside is the fact that one<br \/>\nof the cardinal policies of this administration is the war against<br \/>\ncorruption, and since this government came on board, never like before,<br \/>\nit has consistently waged relentless war against graft in the country;<br \/>\nand the high and mighty are not spared; now in a surreptitious manner,<br \/>\ncorruption is fighting back in a very dirty and desperate manner.<\/p>\n<p>It is germane to observe and rightly so that, since the present<br \/>\nadministration came on board under the leadership and watch of President<br \/>\nMuhammadu Buhari, the president and his team has worked relentlessly to<br \/>\nbail out the economy from the recession in which it is presently<br \/>\nenmeshed, an economic situation which is self-inflicted as a result of<br \/>\nbad governance, mismanagement, corruption and apparent lack of<br \/>\naccountability of past leaders in the country. They dissipated the<br \/>\nscarce financial resources of the country on conspicuous consumption as<br \/>\nwell as hedonistic and epicurean lifestyles; and refused to save for the<br \/>\nraining day. It is this multifaceted errors of the past that the present<br \/>\ngovernment is trying to put right, unfortunately, the present government<br \/>\nhas been severally criticized by those who created the economic<br \/>\nchallenges in the first place, particularly members of the past<br \/>\nadministration, who mercilessly plunder and pillage the resources of the<br \/>\ncountry on selfish individual desires, thereby neglecting vast majority<br \/>\nof the people. With the body language and mannerism of some members of<br \/>\nthe present administration, it is obvious that they are not on the same<br \/>\npage with the president in truly salvaging the country from economic<br \/>\nruination and quagmire. For instance, members of the national assembly,<br \/>\nwith all their economic preachments and sanctimonious claims, they have<br \/>\nrapaciously refused to cut down on their illegal and immoral fat<br \/>\nsalaries and allowances, yet, they want Nigerians to make sacrifices,<br \/>\nwhile they feed fat on the sweat and toil of Nigerians. As the<br \/>\ngovernment is working hard to resolve the fundamental economic<br \/>\ncontradictions with the economy, people who have illegitimately enriched<br \/>\nthemselves by pilfering the national treasury and are presently<br \/>\nundergoing trials, are clandestinely sponsoring violence against the<br \/>\nNigerian state and painting the country black in both local and<br \/>\ninternational media.<\/p>\n<p>This is contrary to some spurious and erroneous claims in some quarters<br \/>\nthat this government is idle and doing nothing about the socio-economic<br \/>\nmiasma in which the country is presently enmeshed, unfortunately, this<br \/>\nunfounded and baseless claim is gaining currency because of the hardship<br \/>\nNigerians are presently going through. Those who created these problems<br \/>\nare now behaving like the much-needed messiah to rescue the country from<br \/>\nthis crisis, but what did they do for the country and the people in the<br \/>\nlast 16 years? The gang-up and conspiracy against the Buhari led<br \/>\ngovernment is because of the anti-corruption crusade of the present<br \/>\nadministration, hence, their inability to make cheap money and fleece<br \/>\nthe country of funds needed for development. Undoubtedly, this<br \/>\ngovernment is working hard and even world leaders know this fact, hence<br \/>\nthe need for all Nigerians to rally round the government and move the<br \/>\ncountry forward; and stop the issue of violence, blackmail, vendetta,<br \/>\ncorruption and anything that can inhibit growth and development in the<br \/>\npolity.<\/p>\n<p>It is imperative to underscore the fact that, the immediate past<br \/>\nPresident Barrack Obama of the US said, his government has confidence in<br \/>\nthe administration of President Muhammadu Buhari, the US leader said<br \/>\nthis during a bilateral meeting on the sidelines of the 71st edition of<br \/>\nthe UN General Assembly. Obama described Buhari as a man of \u201cintegrity<br \/>\nand honesty,\u201d and said his administration would assist Nigeria within<br \/>\nthe short period it has left. The 44th president of the US will be<br \/>\nbowing out of office in January after serving two terms. \u201cWe have<br \/>\nconfidence in your leadership. There are some difficulties you face, but<br \/>\nthis administration is willing to assist in the short time we have<br \/>\nleft,\u201d \u201cYou have made real progress in defeating the brutal<br \/>\norganization called Boko Haram, and that was achieved because of your<br \/>\nleadership.\u201d Obama also offered a hand of fellowship to Nigeria \u201cin<br \/>\nthe final and comprehensive defeat of Boko Haram, resolution of the<br \/>\nNiger Delta crisis, which would help ramp up oil production and increase<br \/>\nrevenue, resolving the humanitarian crisis in the North East, recovering<br \/>\nstolen money, and revamping the economy\u201d. He described Nigeria as a<br \/>\nbig and important country in sub-Saharan Africa and said his country<br \/>\nlooked forward to a framework for sustained partnership between the two<br \/>\nnations. Earlier, Buhari assured Obama of the progress of his<br \/>\nadministration, and the efforts being taken towards resolving the<br \/>\neconomic crisis. And, President Donald Trump has said that much too.<\/p>\n<p>In the same vein, Mr. Ban Ki Moon, former United Nations<br \/>\nSecretary-General not too long ago congratulated President Muhammadu<br \/>\nBuhari on the anti-corruption war. Ki-Moon declared: \u201cYou are highly<br \/>\nrespected by world leaders, including myself. Your persona has given<br \/>\nyour country a positive image.\u201d The United Nations&#8217; scribe stated that<br \/>\nthe global body recognized President Buhari&#8217;s government&#8217;s achievements<br \/>\nagainst the Boko Haram insurgents. He, however, urged that human rights<br \/>\nbe upheld always in order to prevent a repeat of the scenario being<br \/>\nwitnessed in Syria. Ki-moon also thanked the Nigerian leader for his<br \/>\ncommitment to issues on climate change, adding that the government<br \/>\nshould &#8220;own the Sustainable Development Goals (SDGs),&#8221; for the good of<br \/>\nits citizens.<\/p>\n<p>Therefore, the present administration in the country should be commended<br \/>\nand not vilified by the people, all that the government needs at the<br \/>\nthis time is the cooperation, support, solidarity, patience and<br \/>\nunderstanding on the part of the people and anybody or group of people<br \/>\nthat wants to constitute themselves into a cog in the wheel of progress<br \/>\nshould be viewed as economic saboteur and should be dealt with, in<br \/>\naccordance with the provisions of the law, after all, Nigeria is greater<br \/>\nthan anybody or group of people, and we should all join hands together<br \/>\nand make it great.<\/p>\n<p>The diversification of the economy through huge investment in<br \/>\nagriculture throughout the length and breadth of the country; massive<br \/>\ninfrastructural development and renewal to bridge the array of<br \/>\ninfrastructural deficit in the country; multilayered fight against all<br \/>\nforms of corruption in the polity; prudent management of the economy,<br \/>\ngrowth and development of non-oil sector, huge investments in aviation,<br \/>\ntourism, solid minerals, trade, commerce and investment just to mention<br \/>\nbut a few are avenues and methodologies through which the present<br \/>\nadministration are restructuring the economic base and dynamics of the<br \/>\ncountry, away from the prevailing and suffocating mono-cultural economic<br \/>\ndependency.<\/p>\n<div class=\"yj6qo\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>BY JIDE AYOBOLU The Minister of Industry, Trade and Investment, Niyi Adebayo, has called for more commitment from workers of the ministry to achieve the diversification agenda of the Federal&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":71297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-71296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-opinions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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