He gave the assurance in Port Harcourt during the maiden edition of the Niger Delta Micro, Small, and Medium Enterprises Summit under the theme
“Stimulating MSME’s Growth Beyond Oil,” an event which was held at the Aztech Event Centre, Port Harcourt in Rivers State. While decrying Nigeria’s over-dependence on crude oil as a major setback to inclusive growth, Sekibo called for urgent economic diversification saying
“whether it’s oil in Nigeria and Angola, coffee in Uganda or copper in Zambia, single-commodity domination of an economy can end up shackling growth. He went further to say
“recent studies have shown how susceptible African countries are to economic shocks and fluctuations in currencies and commodity prices. Some are more vulnerable than others because their economies are dependent on the export of one or just a few commodities or primary products.
To ensure economic growth and promote youth inclusiveness in regional development in the Niger Delta, there is a need to invest in Micro, Small, and Medium Enterprises (MSMEs) as a catalyst to create employment and ensure global competitiveness.
This was a position canvassed at the maiden edition of the Niger Delta Micro, Small, and Medium Enterprises Summit 2021 which was held at the Aztech Event Centre, Port Harcourt, Rivers State.
Speaking at the event, the Convener of the Summit and Chairman Mosilo Group who is also the Founder of Nigerian Young Professionals Forum (NYPF) and Niger Delta Young Professionals, under which umbrella the summit was organized, Mr. Moses Siloko Siasia, in his opening remark noted that the greatest contributory factor to the growth in Nigeria’s Gross Domestic Product (GDP) is a collection of the committed efforts from young people.
Niger Delta: Wabote, Siasia, Efiong Advocate Renewed Support for MSMEs thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.