Nigeria has sufficient resources to build self-reliant economy, says Obasanjo

Former President Olusegun Obasanjo has highlighted Nigeria’s rich resources, talents, expertise and opportunities as assets capable of transforming the country’s economy if it gets its leadership right.

Obasanjo stated this yesterday at the Design and Build Expo 2024, an initiative of Ecobank Nigeria held in Lagos. He commended the bank for the initiative while urging others to take a cue.

The former president described the exhibition as a reflection of Nigeria’s abundant resources, talent and creativity and its ability to achieve self-sufficiency and global competitiveness.

“It is the facilities, the opportunities, and the expertise that we have in Nigeria to build the economy and to bring them together, to build houses, offices, monuments from what we have. It is very interesting and exciting. There is nothing you want in this country that you cannot get,” he stated.

Speaking during a tour of the exhibition, Obasanjo expressed his satisfaction with the showcase’s scope and vision, emphasising the country’s capacity for self-reliance and economic growth.

He lamented the persistent leadership challenge which has become a barrier to fully harnessing the resources while advocating visionary leadership across political, social and economic landscape.

Obasanjo also praised the exhibition’s organiser for fostering a platform to inspire and mobilise collective action. The Managing Director/Regional Executive of Ecobank Nigeria, Bolaji Lawal, stated that the exhibition is designed to highlight the latest trends, innovations and sustainable practices in architecture, construction, building materials, household appliances, engineering and interior design.

According to him, the expo serves as a hub to empower businesses to offer tailored financial solutions, promote economic growth and strengthen relationships with key stakeholders in the real estate, design, and construction sectors.

He added that participants will gain insights into bespoke mortgage plans, construction loans, and investment opportunities all aimed at helping them achieve their property ambitions with ease.

Lawal further noted that attendees will have the opportunity to connect with leading developers, architects, and builders shaping the future of real estate and construction, as well as discover valuable opportunities for their upcoming projects.

“The expo’s objective includes facilitating connections between industry professionals, including architects, builders, suppliers, and clients, offering education and training as well as raising awareness about sustainable building practices and materials, encouraging eco-friendly designs and low-impact construction methods.

“The expo also aims to foster partnerships between designers, contractors and suppliers to streamline the design and construction process, as well as provide insights into market trends, consumer preferences, and emerging technologies in the design and construction sectors,” he said.