Policymakers everywhere now have a blueprint — and role models — for purposeful policy to better align corporate behaviour with public interest and to create allies for the work that lies ahead.
Policymakers everywhere now have a blueprint — and role models — for purposeful policy to better align corporate behaviour with public interest and to create allies for the work that lies ahead.
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economy is well diversified. we just need to expand those other sectors, make sure that they are sustained. well, ok, so agriculture is the biggest employer of people in nigeria. governments in africa, including yours, pledged to spend 10% of the public. ..the accounts every year, the annual budget. what do you spend on agriculture in nigeria? it s nowhere near 10%, is it? it s not yet 10%, but it is significant enough to have made consistent improvement in the agricultural sector. now, also we re trying to move away from just government spending on agriculture and concentrating on providing incentives so that agriculture moves from subsistence agriculture to agribusiness, where a lot of processing is done. sure. ..and manufacturing is enhanced, so that we are adding value to our products. but the broad point i want to make here, and i quote iseoluwa akintunde,
but the broad point i want to make here, and i quote iseoluwa akintunde, who s an expert on nigeria from the british think tank chatham house, for decades, the mantra of economic diversification characterised attempts to reverse nigeria s dependence on oil with little real progress. and he says that the decline in gdp from oil gives new urgency to this issue. so are you really dealing with this issue with real urgency that it needs? cos he s right, we ve heard about this for decades. you are right, zeinab, this has been said for decades. but check the numbers. 0k. the contribution of revenue in the country today is largely from the non oil sector, that is what has changed. if you look at our budget, if you look at the actual budget performance, you ll find that the non oil revenue is contributing 55%. it used to be 30%, 35%. so things are changing not as fast as we want them to be, but we re pushing to make sure that the investments in the nigerian economy is both from the private