Wednesday 22 May 2013

NIGERIA'S DEPENDENCE ON OIL, A DISASTER - MINISTER SAYS

Minister of Agriculture Akinwunmi Adesina, has said Nigeria’s dependence on oil is a disaster to the country’s economic growth.
He said due to the development, successive administrations in the country abandoned non-oil products such as cocoa, cassava, palm oil, among others that made Nigeria great in the First Republic.


Adesina said this during the 6th Annual Lecture of Wilson Badejo Foundation in Lagos on Tuesday.
The minister, represented by Permanent Secretary in the Ministry of Agriculture, Mrs. Ibukun Odushote, said Nigeria had lost its leadership position in agriculture because of oil.
He said the country spends N1bn yearly on rice importation, stressing that Nigeria had the potential to produce rice to feed the continent.


Adesina said, “Nigeria has no business importing food. Agriculture industry is the key to economic recovery. The Goodluck Jonathan administration had ensured that there is complete turnaround in the sector.
“When I was first made a minister, the first battle was to tackle the institutionalised corruption in the agriculture sector, particularly the distribution of fertilizer. Middlemen fed fat at the detriment of the farmers the products were intended for.
“I must tell you that fertilizer racket was on for 40 years in Nigeria. But because of the determination of the current administration to improve the agriculture sector, the racket was contained under 90 days.
“Nigeria’s dependence on oil has been a disaster. If Nigeria had developed palm oil, cocoa, cassava and other non-oil products, the country would have fared better.”
Special Adviser to the Lagos Governor Babatunde Fashola on Regional Integration,  Mr. Tunji Adebuyi said agriculture remained the solution to take care of the less privileged in the society.
He said in the South-West, regional integration had been put in place and the region had resolved to embark on agriculture revolution.
“It is when visionary leaders – those with the fear of God are in power that you can take care of the less privileged,” he said.
Former General Overseer, Foursquare Gospel Church, Rev. Wilson Badejo, the Founder of the organisation, said the foundation was inspired to put smiles on the faces of the less privileged in the society.
“We believe very strongly in the development of the less privileged. We are motivated to do what we are doing because Jesus Christ had commanded us to do so,” Badejo said.
Chairman of the occasion, Mr. Olatunji Bello, urged people of good conscience to help the youths to do some things to keep them off crimes.
He also advised people to tap into opportunities in the rural areas, saying development of the rural areas was critical to the development of the country.

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