IMPORTANT SECTORS THE NIGERIAN GOVERNMENT SHOULD FOCUS ON IN 2019.

Nigeria as a country needs to place serious concentration on certain sectors of her economy in order to improve it's growth and development in 2019.
Any government who wins this forthcoming election should place more emphasis and focus on certain sectors aside the oil and gas sector like;

1. Agriculture: This had been the practice of majority of Nigerians, before the discovery of petroleum which caused a shift from agriculture to the oil industry. 
Although the present government under the administration of President Muhammad Buhari has really improved the local food production especially rice. The importation of rice has reduced due to the focus of the government on food production in the country. It is also required of the government to also place its attention on other agricultural products like Cocoa, cotton, oil palm and other cash crops. This will also reduce the importation of these cash crops from other countries and also improve the country's GDP.
The focus on the sector will also provide employment opportunities for the youths especially the graduates and those who are interested in agriculture.


2. Power Sector: This is necessary because majority of Nigerian industries rely so much on electricity for production. The government should ensure there is constant supply of electricity. 
In fact, this will increase and improve production and industrial activities in our country. And it will also reduce the cost of purchasing fuel to run the power generating machines.
It will also provide employment opportunities for people into the sector.

3. Security and Defence: The government should give all what it takes to tackle insecurity in Nigeria. They should provide necessary arms and ammunitions to the security forces to crush down the terrorists and militants disturbing the peace of the country.
They should also investugati the security and military officers in charge of the purchase of arms and ammunitions. This is because the security forces especially the soldiers are complaining of lack of sophisticated weapons to fight the Boko Haram terrorists. This indicates the corrupt practices of some of the members of the defence staff.

4. Other sectors include Education, Health, Oil and Gas etc.

Comments

Post a Comment

Popular posts from this blog

The Impact of Social Media in the world today.

The Impact of Social Media In The World Today  Imagine you are hearing the word social business for the first time, how will you view it in your own personal opinion. Actually, social business is a business involving social networks which is set up for the purpose of creating social services to people across the world and also serving as a means of making profit for the owners. Examples of social businesses in the world include Facebook, whatsapp, Instagram, YouTube e.t.c. These social businesses are referred to as multi billion dollar businesses as a result of a concept referred to as VVF.( Value, Volume and Frequency). Value--- The value of these social networks creates an avenue for mass usage of them by people across the world. The values they serve the world are so interesting and embracing, thus making them so attracting to the world. Volume---- The value of these social networks brings about the voluminous usage by people across the world. For instance, Facebook has ov...
Read more

Profile Of The First Chartered Accountant, Dr Akintola Williams.

Image
Meet The First Chartered Accountant In Africa, Dr. Akintola Williams Akintola Williams  was the first African to qualify as a chartered accountant. He founded in 1952 the first indigenous chartered accounting firm indigenous chartered accounting firm indigenous chartered accounting firm in Africa, Akintola Williams & Co in Lagos. He was founding member and first president of the Institute of Chartered Accountants of Nigeria (ICAN) and Association of Nigeria. He played in invaluable role in the establishment of the Nigeria. He played an invaluable role in the establishment of the Nigerian Stock Exchange. For his accomplishments, he was honoured with the Order of the Federal Republic by the Nigerian Government in 1982. And in April 1997,Queen Elizabeth also honoured him with the title Commander of the British Empire (CBE). Early life Williams was born to the family of Ekundayo Williams, a lawyer and farmer who was a son of a wealthy businessman from Abeokuta, Z.A. William...
Read more

The Diversification of The Nigerian Economy Back to Agriculture As A Solution to Nigeria's Economic Problem.

Image
    Economy diversification; Agriculture a way out/wdn.com.ng There is no doubt that petroleum (crude oil) has contributed substantially to Nigerian revenue since its discovery in 1956 and more especially, since 1970 when its price was on the upward trend. However, it is a known fact across the globe that for a country to attain growth and development, its economy has to be diversified and that cannot occur in a vacuum. Mono-economy needs to give way to the productive development of various sectors of the economy. Following the sudden fall in the price of oil by more than 50% since June 2014 when it was $115 a barrel, which now is below $45, after five years of stability, it is a well-known fact that Nigeria’s continuous large earnings or revenue from this sector will be impossible. As a matter of fact, there is an urgent need for the Nigerian government to begin to look into diversification of various sectors of the economy so as to attain solid economic growth. St...
Read more