Wednesday, January 14, 2015
Mono-cultural or Diversified economy: CDD Calls Political Parties to Debate
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The Centre for Democracy and Development (CDD), would be engaging the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) on their respective parties plan towards diversifying the Nigeria economy on Thursday, January 15th, 2015, at Ladi Kwali Hall, Sheraton, Abuja . This is the third edition of CDD's inter-party debate series known as Nigerian Political Parties Discussion Series (NPPDS).
In the statement signed by CDD Director, Idayat Hassan, it was noted that with the recent dwindling price of oil prices in the international market and its concomitant effects on Nigeria's economy, demands for a refocused economic agenda becomes necessary.
"It has been consistently argued that a shift from the hitherto mono-cultural to diversified economy has the potential of addressing the perennial socio-economic challenges; through formulation of integrated economic policies and creation of enabling environment for private-public partnership".
"It is against this backdrop that CDD is organizing the inter-party debate between the PDP and the APC as a platform to inform Nigerians of the programs and plans on this crucial issue," she noted.
The statement further noted that for over five decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil at the expense of other productive sectors such as solid minerals (tin, iron ore, coal, limestone, bitumen, niobium, lead, zinc etc.), manufacturing and agriculture etc. that hitherto contributed significantly to the economy of Nigeria.
"The country's over-dependence on oil amidst the dwindling state of other productive sectors of her economy has called for concerns. The significant number of youth population in the country has also shifted attention to youth as an untapped resource," she averred.
Amidst rising unemployment, poverty and other problems associated with "enclaved" nature of the Nigerian economy, practitioners and experts alike in the lead up to the 2015 general election, are making the issue of diversification of economy part of the election discourse.
The Centre for Democracy and Development (CDD), would be engaging the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) on their respective parties plan towards diversifying the Nigeria economy on Thursday, January 15th, 2015, at Ladi Kwali Hall, Sheraton, Abuja . This is the third edition of CDD's inter-party debate series known as Nigerian Political Parties Discussion Series (NPPDS).
In the statement signed by CDD Director, Idayat Hassan, it was noted that with the recent dwindling price of oil prices in the international market and its concomitant effects on Nigeria's economy, demands for a refocused economic agenda becomes necessary.
"It has been consistently argued that a shift from the hitherto mono-cultural to diversified economy has the potential of addressing the perennial socio-economic challenges; through formulation of integrated economic policies and creation of enabling environment for private-public partnership".
"It is against this backdrop that CDD is organizing the inter-party debate between the PDP and the APC as a platform to inform Nigerians of the programs and plans on this crucial issue," she noted.
The statement further noted that for over five decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil at the expense of other productive sectors such as solid minerals (tin, iron ore, coal, limestone, bitumen, niobium, lead, zinc etc.), manufacturing and agriculture etc. that hitherto contributed significantly to the economy of Nigeria.
"The country's over-dependence on oil amidst the dwindling state of other productive sectors of her economy has called for concerns. The significant number of youth population in the country has also shifted attention to youth as an untapped resource," she averred.
Amidst rising unemployment, poverty and other problems associated with "enclaved" nature of the Nigerian economy, practitioners and experts alike in the lead up to the 2015 general election, are making the issue of diversification of economy part of the election discourse.
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