Economic Downturn: Expert Urges Tinubu to Prioritize Industrialization

An industrialist and doctor of Strategic Management, Emmanuel Tyohemba Agba, has advised president Bola Ahmed Tinubu to ensure that priority is given to the industrial sector by way of energy subsidy, palliative allocation, special forex intervention and tax moratorium in order to stimulate the industrial and productive sector of the nation.

Dr Agba gave the advice at the recent convocation ceremony of the University of America held at Nigeria Defense Academy, Kaduna and his speech was made available to Newsmen on Wednesday.

He asserted that those interventions are required to move the nation from a 3rd to 1st world economy and take to Nigeria out of the current quagmire, stressing that the nation’s competitive advantage cannot be enhanced without the innovative transformation by the manufacturing sector.

Dr Agba who was one of the doctoral graduands at the ceremony further opined that if the industrial sector is given attention, it will create more jobs and improve the Gross Domestic Product (GDP) of Nigeria.

“Many developed countries attained first world status through industrialization.  Nigeria needs to give serious attention to the industrial sector to be able to tackle unemployment and the current economic downturn”, he posited.




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