A Rivers State-based non-governmental organization (NGO), Ogoni Liberation Initiative (OLI), has advocated for agricultural schemes in all the local government areas of the state
The group noted the importance of diversifying from the crude oil economy to agriculture, a means it stated that it’s to promote human and environmental development.
The Chief Executive Officer of OLI, Dr Douglas Fabeke, made the assertion yesterday during a one-day economic empowerment summit organised by the group for Rivers people in Port Harcourt, the state capital.
Fabeke stressed that economic diversification is a fundamental component of economic development in which a country moves to a more diverse production and trade structure.
He stated that the absence of economic diversification is frequently associated with vulnerability to unemployment, insecurity, drop in Gross Domestic Product (GDP) and over-reliance on foreign aid through borrowing, adding that to achieve a robust economic diversification and growth requires that policy attention be given to major sectors such as education, agriculture, oil and gas, environment, entrepreneurship, ICT, security, health and housing.
He commended the state Governor, Nyesom Wike, for his ‘impactful agricultural projects in the state’, adding that the agricultural scheme will increase production and foods availability in the state and Niger Delta region at large.