By Naomi Uzor
LAGOS — Governor Akinwunmi Ambode of Lagos State, yesterday, urged the country to pay more attention to the non-oil sectors of the economy in view of the dwindling revenue from oil.
Governor Ambode, who spoke at the closing ceremony of the 2015 Lagos International Trade Fair held at the Tafawa Balewa Square (TBS), Lagos, said as a proactive response to the issues in the oil sector, Nigeria must embrace other sectors so as to garner resources to address the critical needs of the people.
Alluding to the fact that the theme of the Trade Fair, “Enhancing Value Addition in the Non-Oil Economy,” was apt, Governor Ambode said there was need to look inward for alternative and sustainable revenue sources apart from oil.
The governor said that already, Lagos has been in the forefront of generating non-oil revenues, and that the state had accounted for over 65 percent of the nation’s non-oil Gross Domestic Product, and over 60 percent of the country’s value added manufacturing.
He urged members of the business community to consolidate on the gains recorded so far, by following up the relationship already established with government for mutually beneficial business and investment.