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Wednesday, October 24, 2018

Agriculture alone can't revive Nigeria's economy, but innovation - NaijaAgroNet

President of the Association of Telecommunications Companies of Nigeria (ATCON), Mr. Olusola Teniola, has said that mere agricultural revolution cannot revive Nigeria's economy, but innovation reports NaijaAgroNet.

He, therefore called for use of an economy build on innovative technologies which he said, will thrive much better than the old concept of mere agriculture, reports 

Contributing to the discussion at the 2018 WorldStage Economic Summit on the theme “New Sources of Economic Strength to Make the future Happen,” at the Event Centre of the Nigerian Stock Exchange (NSE) Mr. Teniola maintained that the development of the economy through the old concept of agriculture will not take the country far.

As said by him, for a culture of technology as demonstrated in the Information and Communication Technology (ICT) sector, it has become obvious for the promotion of science, technology, engineering and mathematics education in the schools.

This, he stressed will aid Nigeria to compete favourably in any area, “it must be up to date in innovation and technology.”

Equally speaking at the event, Mr Soji Adeleye, Chief Executive of Alfe City Institution, underlined the absence of leadership in the country which had resulted to the lack of progress.

For meaningful progress to be achieved, he said the leadership has to be aware of their responsibility to the society, not to just occupy space.

In her contribution, Mrs Oluyinka Omojolaibi, Senior Research Economist, Manufacturers Association of Nigeria (MAN) was also underlined the importance of government to formulate and implement policies that can move the economy forward.

She said government needed to do more in the area of the provision of infrastructure, machineries, cheap loans for the economy to be productive and competitive.

She said that would be crucial so that made in Nigeria products can be competitive in the local and international market.

Isaac Oyimah/GEE

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Pix: ATCON president, Teniola

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