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Chime blames nation’s woes on over-dependence on oil


ENUGU – Governor Sullivan Chime of Enugu State has blamed the nation’s slow economic growth and development on its over dependence on oil based revenue source.

Chime stated this in an address read by the State Commissioner for Environment, Mr. John Egbo on the occasion of the opening of a two-day non-oil sector International Trade Conference at Nike Lake Resort Hotel, Enugu.

He regretted that the country had wallowed in the fantasy of everlasting bliss derivable from her abundant oil deposits and denied her the opportunity to develop all other sources of revenue describing the situation as unfortunate.

Chime observed that the country’s inability to develop her industrial, agricultural and other potentials has forced it to rely on imports to feed her teeming population and service daily

He, therefore, urged participants at the conference to dialogue and exchange ideas, initiatives and knowledge on how best to develop the country’s non-oil sectors like agriculture, manufacturing, transportation, pharmaceuticals and tourism to enhance Nigeria’s export of her goods and services. “This conference should help facilitate the consolidation, expansion and diversification of the country’s markets and highlight the importance of technological advancement which is vital and integral key to the growth of the nation’s manufacturing sector and consequently, the economy,” he said.

The Governor expressed satisfaction with the successes recorded by his administration in its efforts to enhance and promote productivity and influx of local and foreign investments in areas of agriculture, tourism and manufacturing.
Earlier in an address, the conference coordinator, Mr. Gabriel Agunwa spoke of the need to diversify the country’s economy.


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