Speaker of the House of Representatives, Tajudeen Abbas, says continued over-dependence on oil by Nigeria will only lead to inequality, greater poverty among Nigerians and mass unemployment.
Abbas made this statement at the 14th convocation lecture of the Al-Hikmah University in Ilorin on Monday, adding that Nigeria should harness its abundant resources and human capital to diversify its economy.
The Speaker explained that to secure Nigeria’s economic future, the country must decisively move beyond oil and develop sustainable pathways for inclusive growth.
“With dwindling oil revenues, global shifts toward renewable energy, and the increasing need for job-creation, it is imperative that we chart a new course for economic transformation.
“This requires deliberate efforts to unlock the potential of other sectors, such as agriculture, solid minerals, technology and the creative industries.
“Achieving this transformation will secure Nigeria’s economic future and address poverty, inequality and unemployment —- critical barriers to sustainable development,” he said.
Peoplesmind
