Obaseki seeks less reliance on oil proceeds, economic diversification

Obaseki seeks less reliance on oil proceeds, economic diversification

The Governor of Edo, Godwin Obaseki, on Friday, April 22, called for a broad-based diversification of Nigeria’s economy, shifting away from crude oil.

Obaseki stated this while delivering a speech to declare the state’s Tourism Key Stakeholders Workshop open. This was at the John Odigie Oyegun Staff Training Centre in Benin City.

The governor said the COVID-19 pandemic changed the economic structure of the nation, as the country had depended on crude oil for the past 40 years of its existence.

He also noted that the state was thinking out of the box; as it embraced the broad base diversification to grow and likewise develop its economy.

Obaseki said that states across the country had continued to rely on the Federal Government allocation; adding also that such was not obtainable in other climes.

He decried the fact that Nigeria had maintained its development for over 40 years.

Also Read: Obi promises to make nation’s economy productive

According to Obaseki, what the nation is getting from oil access is not enough to sustain the nation; as the Federal Government in recent times, has struggled to get allocation to share amongst states.

“For us in Edo, we have come to the end of the road as we are deliberating on developing other resources to help raise revenue to develop the economy of the state.

“We have a huge ecosystem to support the tourism sector in the state. Tourism is not all about culture, monuments, ecotourism, and business but it entails much, a whole totality; and has an ecosystem that supports it.

“Tourism must begin at home; it is local, we must have strong tourism, locally base, to attract international tourist into the state.

“We have so many aspects of tourism in Edo; and this workshop should in my view, enable our stakeholders to think about tourism in a much broader sense; and understand the players within that ecosystem,” he said.


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