Ben Bruce asks President Buhari to move to 21st Century, says Nigeria still running 18th century economy

Ben Bruce asks President Buhari to move to 21st Century, says Nigeria still running 18th century economy. Senator Ben Murray-Bruce, has claimed that Nigeria is still running an 18th century economy dependent on crude oil and its turbulent prices.

The senator called for the Ministry of Science and Technology to be properly funded, noting that the biggest economies in the world are technology-driven.

He also urged the President, Muhammadu Buhari to start the process which will enable Nigeria to join the rest of the world in the 21st century.

“We are already 21 years into the 21st Century, but here in Nigeria, we still run an 18th Century economy dependent on crude oil and its turbulent market prices.

The biggest economies in the world are technology-driven. For example, a 10 per cent increase in broadband penetration is associated with a 1.4 per cent increase in GDP growth in emerging markets.
“Technology encompasses a huge body of knowledge and tools that ease the use of economic resources as a way to produce goods and services efficiently.

“Mr President, I urge you, we need to move to the 21st Century and join the rest of the world. We cannot afford to be left behind waiting for the price of crude oil to rise. “The biggest economies in the world are technology-driven. For example, a 10 per cent increase in broadband penetration is associated with a 1.4 per cent increase in GDP growth in emerging markets.

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