Friday, November 15, 2024
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Home BREAKING NEWS Foreign company to assist Adamawa diversify economy

Foreign company to assist Adamawa diversify economy

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Due to the dwindling revenue from oil in the country, efforts are now geared towards diversifying the economy by harnessing mineral resources therein.

This was the focus of a United States of America-based company, BTP Swiss Enterprises, which is poised to assist President Muhammadu Buhari’s administration to diversify the economy of Nigeria from oil to solid minerals.

A delegation of the company led by Prof. Akin Afolabi stated this during a courtesy call on Governor Muhammadu Umar Jibrilla Bindow of Adamawa State.

Afolabi said the company, which specializes in harnessing mineral resources and creating better opportunities, was in the country in response to President Buhari’s call to Nigerian citizens living abroad to come home and contribute their quota in moving the nation forward.

He explained that Adamawa State is rich in uranium, thorium and other solid minerals, noting that the team visited the state to discuss possible ways of diversifying the economy of the State instead of it relying on the Federal Government’s monthly statutory allocation.
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The Acting Governor of the state, Engineer Martins Babale, who received the delegation on behalf of his boss, said he was delighted by the proposal of the company.

Babale said the state was ready to partner with them if they can provide concrete facts on their operation.

He told the delegation that the state is blessed with abundant mineral resources that if properly harnessed can turn the economic fortunes of the state around for the better.

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