Poor political system hampering industrialisation – Don.Industralisation, way out of poverty - Dons.He also condemned Nigerians’ appetite for imports including expensive luxury goods. What we see manifesting as shortage of foreign exchange and the precipitous decline of the national currency is in large part because we consume high-value products that we do not produce, and export low-value raw materials.” Tied closely to industrialisation, but not always connected in public discourse, is arguably the most challenging economic issues faced by the country currently: Balance of Payment and foreign exchange crises. Due to their strong industrial capabilities, rich nations manufacture what poor nations consume. He said, “The future will be defined not by the abundance of natural resources but by human capital, science and technology and how nations harness them for industrialisation. Oyelaran-Oyeyinka who gave a keynote, titled, ‘From fragility trap to sustainable economic development,’ at the recently concluded Africa Social Impact Summit in Lagos, said Nigeria was an example of a poor nation consuming what the rich nations manufactured. Oyebanji Oyelaran-Oyeyinka, has advised Nigeria to harness the abundance of its natural resources, human capital, science and technology for industrialisation. The Senior Special Adviser on Industrialisation to the President of the African Development Bank, Prof.
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