Former Ogun State Governor and Senator representing Ogun East, Gbenga Daniel, has said Nigeria’s economic future cannot continue to depend solely on crude oil.
Daniel stressed the need for the country to diversify its economy and invest in other productive sectors capable of creating jobs, generating revenue and driving sustainable development.
Speaking during a recent engagement, the former governor noted that Nigeria possesses enormous human and natural resources beyond petroleum, which must be properly harnessed for the country to achieve long-term economic growth.
He called for greater investment in agriculture, manufacturing, technology and other non-oil sectors, warning that overdependence on oil leaves the economy vulnerable to fluctuations in global oil prices.
Daniel urged policymakers to develop policies that would encourage private-sector investment and empower young Nigerians to contribute meaningfully to the nation’s economic development.
