February 2, 2026
BUSINESS

Traditional Ruler Advocates Huge Investment In Agriculture As Bailout For Recession

Omooba Risawe

The Alake of Egbaland, Oba Adedotun Gbadebo said the best way out of current recession in Nigeria is for government to invest huge on agricultures.

The royal father made this known on Wednesday at a press conference to herald in the 2017 edition of Lisabi Dayy Festival held at Alake Palace in Abeokuta,noting that‎ huge investment in agriculture by the government would not only help in the provision of jobs, but ensure food sufficiency.
Gbadebo while disclosing that the theme of this year’s edition of the festival: “Self Reliance on Agriculture for a Secured Future”,emphasised that it would serve as a wake-up call to Nigerians on the essence of agriculture.

He stressed that apart from ensuring food sufficiency and job creation, agriculture would go a long way in bridging the foreign exchange deficit, which has weakened the country’s currency.

The first class monarch said the 21st edition of Lisabi Festival would focus more on exploring various opportunities in agriculture, with a view of stimulating interest of the people, especially the youth in agriculture.

He used the press conference in commending Globacom for identifying with, and supporting the festival stressing such support would help in preserving culture and promoting tourism.

The National Commercial Coordinator of Globacom company,official sponsor of the event Mr. Yomi Ogunbamowo in his remark said the annual Lisabi Festival has become a veritable platform to brainstorm on how to further develop Egbaland.

He reiterated Globacom’s commitment to the promotion of values, courage, hard work, patriotism and love which the legendary Lisabi symbolized.

Meanwhile,the festival has been slated to commence with booming of guns on the Olumo Rock, on Monday, February 27 and close on with a thanksgiving service at the Cathedral of St. Peter, Ake, on Sunday, March 5, 2017.

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