Progress in the Non Oil Sector (Nigeria)
by Goodluck Jonathan
Still touching on keeping commitments, Nigerians may recall that I promised during the campaign trail that this administration is committed to diversifying the economy away from oil by investing heavily in Human Capital Development and Education in order that we increase our pool of knowledge workers.
Now there is noteworthy progress that we should celebrate.
Non oil exports have grown from $200 million in the year 2000 to $2.3 billion in 2010, an over 1000% increase, and 2011 looks good to top that number.In July last year at the 6th National Cocoa Day Celebration in Ilorin, I revealed to the nation that we had put together an Inter Ministerial Committee on Cocoa production as well as disbursed loans to Cocoa farmers to improve on that sector’s capacity to contribute to the nations GDP.
Recall also that the Federal Government last year intervened in the Textile Sector by providing a generous bailout package for the industry which enabled several defunct textile mills to spring back to life including the United Nigeria Textile Ltd based in Kaduna.
This administration also intervened in the Entertainment Industry by providing a $200 million credit facility to drive growth in that sector.
Why do I remind you of these? It is because available statistics have shown that the growth in our non oil sector has come largely from these sectors in which government intervened proving that when Government and the Private Sector work together as part of a complimentary team the nation benefits. This is my philosophy and this is how we will continue to grow the non oil sector. GEJ
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This is an encouragement for willing investors in Nigeria.You are sure to make huge profit as you invest in the Non oil Export business in Nigeria.