Business is booming.

Boss Mustapha harps on investment, diversification to boost economy

The Secretary to the Government of the Federation, Mr Boss Mustapha, has urged government at all levels to create an enabling environment that will promote diversification of the economy.
Mustapha said this on Tuesday in Abuja while declaring open the 11th Nigeria International Trade Fair/Expo with the theme: “Diversification as Catalyst to our National Development’’.

Represented by Mr Okokon Etoabasi, Acting Director, Public Affairs and Bilateral Department, Office of the Secretary to the Government of the Federation, Mustapha emphasised the need to de-emphasise mono-economy system.

He said that more attention should be paid to heterogeneous economy.

“It is a known fact across the globe that for a country to attain growth and development, its economy has to be diversified.

“Diversification does not occur in a vacuum. Mono-economy needs to give way to the productive development of various sectors of the economy,’’ he said.

Mustapha emphasised that Nigerians must look inwards and be proud of what they produce.

According to him, the event provides a synergy between the Federal Government and the private sector in diversifying the economy.

“Over the years, dependence on oil has made us a mono economy, hence making us a consuming economy rather than a productive economy.

“For us to develop economically, we must embrace diversification of our products,’’ he said.

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