The 2023 presidential candidate of the Labour Party, Dr Peter Obi has explained how Nigeria can get her economy back on track .
First, our focus will be on agriculture and production-centered growth for food security and export, with more emphasis on exporting finished products instead of commodities and raw materials. This relates mainly to food and textiles.
Nigeria has over 84 million hectares of arable land. Nigeria has over 84 million hectares of arable land. And barely 40% of our arable land is cultivated today. Nigeria’s arable land is her new oil and gold.
We will incentivize the resuscitation of the moribund cotton and textile industries; and full exploration of the cattle economy value chain, notably the $75b global hides and skin economy.
Nigeria’s share of the global industry is envisaged to generate over $1bn by 2025.
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