Federal and State Governments have been advised to modernize economic activities in the country to reduce over dependence on foreign imports
A financial expert, Professor Yusha’u Ibrahim Ango, who gave the advice in Kaduna, expressed dismay over reports that the country loses ten billion dollars in the global honey market due to a lack of international standards.
He stressed the need for relevant agencies to enhance mechanized agriculture and livestock development to boost exports and generate foreign revenue essential for socio-economic development.
Professor Yusha’u Ango also expressed concern that pension fund assets have depreciated by 100% in dollar terms, despite being valued at sixteen trillion naira.
He suggested a greater focus on local investments to safeguard such assets.
The Financial expert blamed policies of Foreign Financial Institutions for the problem for ulterior motives which required patriotism and good governance to achieve desired objectives.
SULEIMAN KAURA
