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Published On: Tue, Sep 24th, 2019

How FG policy diversification can work -Oyetola

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From Idowu Abdullahi, Lagos

Osun State Governor, Adegboyega Oyetola, has described the diversification policy of the Federal Government as one that is appropriate and on the right course.
He also said, for the diversification policy to succeed, all sectors must adopt and integrate it into their schemes and collaborate appropriately, adding that “when this is done, the economy will achieve the desired symphony and there will be rapid and cohesive development”.
Oyetola spoke on Monday, at the Opening Ceremony of the 9th International Conference of the Faculty of Technology, Obafemi Awolowo University (OAU), Ile-Ife.
Speaking on the theme: “Diversification of Developing Economies: Imperatives for Sustainable Environment and Technological Innovations”, Oyetola who bagged the Obafemi Awolowo University’s Excellence Award in Public Administration on the occasion, also described the theme of the conference as a worthy domestication of the diversification of the economic policy of the Federal Government.
He reaffirmed Osun government’s commitment to take the state to the next level of developmental strides.
He pledged the government’s determination to continue to harness the potentials of the state and advance her economy for the good of the citizens.
The governor, who reiterated the administration’s determination towards building a ‘modern Osun’, said government would not be deterred by the dwindling financial resources in its resolve to build a virile state that all and sundry will be proud of.
Represented by the Supervisor, Ministry of Budget and Economic Planning, Prof. Olalekan Yinusa, the governor said the state was ready to partner the university, particularly in the area of human and capital development.
“It is encouraging that this Faculty will recognise my modest contributions to public service in the less than 10 years as Chief of Staff to the Governor of The State of Osun and Governor after over thirty years in the private sector.
“I regard this Award of Excellence in Public Administration as recognition of our giant strides at building the modern State of Osun in the face of dwindling financial resources in the past nine years.
Earlier, the Vice Chancellor of the University, Prof. Eyitayo Ogunbodede, applauded the faculty for the choice of the theme of the conference which he noted, was aimed at challenging the nation on the need to strengthen her economic diversification policy.
“There is no doubt in the fact that our country needs a technology breakthrough to address myriads of her challenges particularly in the quest to diversify from the mono-economy to tourism, agriculture and solid minerals.
“So, we must develop technology innovation to address some of the national issues such as over- dependent on mono-economy, youth unemployment, and youth restiveness among others.
In his address, the Keynote Speaker, Prof. Oluwatoyin Ashiru, challenged government on the need to be supportive to the development of science, innovation and technology.
Ashiru said for the nation to actualise its dreams towards the diversification of her economy, all hands must be on deck to ensure proper integration and conversion of ideas to innovation, framework and prosperity.
According to him, innovation is the key to growing and maintaining a country’s competitive position in the global economy and to address global challenges.

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