NCP urges FG to be aggressive on economic diversification

 

The National Conscience Party(NCP) has urged the Federal Government to pursue aggressive diversification strategies to effectively reposition the economy.

The Lagos State Chairman of the party, Mr Fatai Ibu-Owo, gave the advice in a statement on Friday in Lagos.

He said that the country’s dependence on oil revenue was antithetical to development and other viable sources like agriculture needed to be explored.

The party’s chairman also urged the government to address the infrastructural deficit across the country to catalyse sustainable development.

He decried the high rate of unemployment in the country, saying that the creation of  jobs for the youths and the promotion of ease of doing business would address it.

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Ibu-Owo said that the current minimum wage of N18,000 was not sustainable in today’s economy and urged government to increase workers’ salaries.

He also charged the government to rise to the security challenges and the provide lasting solution to poor electricity supply in the country.

Ibu-Owo said that the country could not have effectively exited recession if the prices of food items, goods and services continued to be high.

He said that the party aligned with President Muhammadu Buhari ‘s statement that recession exit should translate to better living for the masses.

He, therefore, urged the government to address high inflation rate head-on and take result-oriented steps to strengthen the naira.

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