Makinde Urges Economic Resilience for Nigeria’s Prosperity

 Governor Seyi Makinde of Oyo State has emphasized the need to build a resilient Nigerian economy capable of withstanding global economic challenges. He noted that achieving national prosperity requires strengthening entrepreneurship, enhancing education, and developing critical infrastructure.

Speaking at the funeral service of his late elder brother, Engr. Olufunmilayo Sunday Makinde, held at the Bishop Akinyele Memorial Anglican Church in Ibadan, Makinde stated that despite Nigeria’s abundance of natural resources, economic prosperity remains elusive without strategic leadership and policies.

He cited Venezuela’s struggles despite its vast oil reserves, contrasting it with Finland, which has achieved remarkable development by prioritizing human capital through education. Makinde stressed that natural resources alone do not guarantee economic success and called on Nigerian leaders to invest more in education and entrepreneurship.

Reflecting this belief, the governor highlighted his administration’s commitment to education in Oyo State, allocating over 20% of the state budget to the sector since assuming office in 2019—aligning with UNESCO’s recommendations.

Makinde urged the country to move beyond dependence on natural resources, noting that historical shifts from coal to oil and the anticipated global transition to alternative energy sources should prompt Nigeria to prepare for the future.

“We must raise entrepreneurs, improve education, and build an economy that can weather all storms,” he concluded.