COVID-19 : NEED TO DIVERSIFY OUR ECONOMY…Economist
Since Nigeria’s independence in 1960, the government had consistently relied on oil revenue as the primary source of income. However the collapse in oil price since the advent of COVID-19 pandemic to below thirty dollars per barrel, had decimated government revenue.
Speaking with Radio Nigeria on the development, an Economist, Mr Udorji Braveson while frowning at over dependence on oil revenue, urged citizens to take advantage of the nation’s arable land for agriculture. He noted that before the discovery of oil in Nigeria, agriculture was the mainstay of the economy.
In the same vein, Mr Ebuka Chikwe was of view that the coronavirus pandemic and the dwindling oil price had further reinforced the need to diversify the nation’s economy. He further pointed out that the country is blessed with fertile land hence the need to embark on massive farming.
For Mr Ugonna Ogochukwu, the youths should be encouraged to venture into farming as a way of decreasing the rate of unemployment in the country.
Other respondents were of the opinion that if the nation’s economy was diversified into agriculture it would boost food sufficiency, thereby ensuring food security of its citizenry.