Tuesday, November 27, 2012

Jonathan promises to end Nigeria’s overdependence on oil



President Goodluck Jonathan has promised an end to the nation’s over dependence on oil.
His administration, he said, would do anything possible to diversify the nation’s economy.

Jonathan spoke during a command performance/dinner held at the Presidential Villa in honor of participants of the Abuja National Carnival on Monday.
The President was represented by his deputy, Namadi Sambo, at the event.
As a way of diversifying the economy, Jonathan said the Federal Government would continue to promote sustainable growth in the nation’s tourism and culture sector.

He said the sector was capable of providing economic development, employment opportunities, poverty reduction as well as good returns on investment.
According to him, Nigeria has the potential to be the number one tourist destination in the world.

Acknowledging the support of the private sector for the Abuja national festival, Jonathan promised that government would continue to provide favorable investment climate as well as business incentives to both local and foreign investors in order to boost the economy.

He said, “The laudable dreams that gave birth to the carnival have continued to motivate its annual celebration, anchored on the recognition that there exists a nexus between culture and the economic and technological growth of a nation.
“The Abuja Carnival has proven to be one successful step in directing attention to the untapped huge investment opportunities in Nigeria’s exceptionally rich and diverse cultural and artistic heritage.”
In his remarks, the Prime Minister of St. Kitts and Nevis, Mr. Denzil Douglas, commended President Jonathan and Nigerians for strengthening socio-cultural ties between his country and Nigeria.

He also thanked the Deputy Senate President, Ike Ekweremadu, for inviting him to participate in this year’s carnival.
Earlier, the Minister of Tourism, Culture and National Orientation, Mr. Edem Duke, had expressed the hope that the carnival would contribute to the economic growth and transformation of the nation.

The occasion featured special performances by national troupes from Egypt, Namibia, Trinidad and Tobago, Cuba and China alongside selected Nigerian troupes.

Selected from punch

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