Gen. Yakubu Gowon, a former head of state, has warned the Federal Republic of Nigeria that further steps to plan beyond oils must be taken. Gowon explained that this must be done so that the Nigerian economy can be re-positioned to compete internationally.
He said this while speaking at the 39th Kaduna International Trade Fair Seminar with the theme, “Promoting Commerce, Industry and Agriculture for International Competitiveness”.
General Yakubu “Jack” Dan-Yumma Gowon (born 19 October 1934) is the former head of state (Head of the Federal Military Government) of Nigeria from 1966 to 1975. He took power after one military coup d’état and was overthrown in another.
During his rule, the Nigerian government successfully prevented Biafran secession during the Nigerian Civil War. After the war, Nigeria enjoyed a meteoric, oil-fueled, economic upturn in the course of which the scope of activity of the Nigerian federal government grew to an unprecedented degree, with increased earnings from oil revenues.
Gowon explained that the Federal Government Medium Term Development Plans of the 1960s’ and 1970s’ were designed to prepare the industrial sector of Nigeria for international competitiveness by 1980. He stated that the first, second and third National Development Plans projected what Nigeria was going to achieve by 1980 and also prepared the grounds for industrial development.
“Nigeria must take some steps to plan beyond oil so as to re-position the nation’s economy for international competitiveness. KADCCIMA is closely associated with Kaduna State and the Federal Government to develop local and national economy by encouraging foreign enterprises and investors to invest in the country,” Gen. Gowon advised
“One of the key events of the trade fair is the seminar that provides avenue for dialogue and exchange of ideas with local and foreign business communities on ways to drive the national economy forward. There is no better contribution than to show support to states and Federal Government quest to re-position the country’s economy for international competitiveness,” he said.