Obaseki calls for the quick diversification of the nation's economy

Godwin Obaseki, Edo State Governor

While speaking to journalist, I called for the quick diversification of the nation’s economy to increase non-oil revenue.

Governor Godwin Obaseki of Edo State gave the message on his social media handle a few days ago.

Accordint to the governor, before the Civil War, we had no crude oil, the regions relied on the resources that they had and the government was run based on taxation, which was derived from the regions and production, particularly agricultural production in the regions.

"In the last 40 years or so, crude oil came and replaced those economic activities and earnings. So, we now run a federation relying almost exclusively on crude oil", he wrote.

He his concluding statement, he submitted that ?Solely relying on crude oil income is unsustainable; the time for diversification is now".