Diversifying Nigeria’s Economy Through Culture and Festivals Will Boost Foreign Exchange — Gov. Abiodun

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Ogun State Governor, Prince Dapo Abiodun, has stated that Nigeria can significantly increase its foreign exchange earnings by fully harnessing its rich cultural heritage and festivals.

Speaking at the 39th Akesan Day Celebration held at Christ Apostolic Church Grammar School, Iperu-Remo in Ikenne Local Government Area, the governor noted that many nations have successfully diversified their economies through culture and tourism.

According to Abiodun, Nigeria stands to gain enormously if its numerous cultural festivals are properly developed, packaged, and promoted.

“Festivals like this bring thousands of visitors who patronize local businesses, artisans, entertainers, food vendors, hotels and, of course, our transport operators,” he said.

He added that cultural celebrations, when well harnessed, serve as strong tourism platforms, citing examples such as Lisabi Day, Oronna Day and the globally acclaimed Ojude Oba Festival.

“Communities across the world, from Brazil to Kenya, have used culture as a driver of economic expansion. In many countries, tourism contributes significantly to national GDP. Dubai is a clear example.

Nigeria can achieve the same by consistently developing and promoting its cultural identities. Festivals like this turn attention and positive visibility to our communities,” the governor said.

Abiodun further highlighted that culture strengthens shared identity, promotes social harmony, and instills values of unity, honesty, and community responsibility — all essential for national development.

He reaffirmed the Ogun State Government’s commitment to promoting culture, preserving history, and supporting community growth.

The governor also commended President Bola Tinubu for his economic reforms aimed at reviving the nation’s economy, assuring that Ogun State would continue to align its programmes with federal initiatives for the benefit of citizens.

Commissioner for Culture and Tourism, Hon. Sesan Fagbemi, described Akesan Day as a rallying point for cultural revival and a platform for envisioning the community’s future. He assured that the state remains committed to preserving its cultural heritage.

The Akarigbo and Paramount Ruler of Remoland, Oba Babatunde Ajayi, praised the people of Iperu for sustaining their traditions and commended the organizers for a successful celebration.

Chairman of the occasion and Asiwaju of Remoland, Chief Solomon Onafowokan, applauded the state government for its infrastructural achievements, particularly the Gateway International Airport in Iperu. He said the annual celebration promotes cultural pride and economic advancement and urged residents to safeguard their heritage for generations to come.

In his remarks, Chairman of the Iperu Akesan Community Development Association, Chief Taiwo Oyebanji, highlighted significant progress recorded in the past year, including road construction, physical development and erosion control efforts.

He called for sustained unity, peaceful co-existence, improved local security, better power supply and the completion of ongoing community development projects.

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