The maiden edition of New Telegraph Economic Summit will hold in Lagos on March 17, a statement by the organisers said yesterday.

The summit, organised by New Telegraph Newspapers, has as its theme: ‘Nigeria: Beyond the Oil economy.’ The one-day event, which will hold at Sheraton Hotel and Towers, Lagos, is to be attended by top political officeholders, captains of industry and other major stakeholders.

Lagos State Governor, Akinwunmi Ambode will open the event. Speakers,   including Edo State Governor, Adams Oshiomhole; Minister of Solid Minerals, Dr. Kayode Fayemi; Minister of Agriculture, Chief Audu Ogbe and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and former Director General, Nigerian Tourism Development Board, Chief Olusegun Runsewe, are expected to proffer suggestions on how the nation’s economy could be diversified to break the age-long reliance on oil revenues.

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Fayemi and others, at the one-day event, are expected to deliver papers on how the Federal Government can diversify the nation’s economy as a way of broadening the federal revenue stream, especially in the area of earning of foreign exchange. The guest speakers will look at other sectors of the economy the Federal Government could grow to make them viable as alternatives to oil and how to achieve the objectives.

The New Telegraph Economic Summit is being organised as part of New Telegraph newspapers’ contribution to finding solution to the nation’s economic crises triggered by falling prices of oil, Nigeria’s chief source of foreign exchange.