Cassava plantation
The unprecedented drop in the crude oil prices and the subsequent
devaluation of the naira have been described as a pointer to the fact
that the salvation of the Nigerian economy depends on massive
agricultural revolution and local manufacturing.
The Group Executive Director, Dangote
Group, Mr. Devakumar Edwin, said the development of the nation’s vast
agricultural potential was the only solution to the incessant distortion
to the economy by the market forces.
He stated in a statement made available
on Sunday that Nigeria had left its economic fortunes to the vagaries of
international market forces through excessive importation and that it
was high time private investors latched on the situation and help the
government out by engaging in serious agriculture and manufacturing.
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