Baku: President of the Republic of Azerbaijan, Ilham Aliyev, emphasized the strategic utilization of the country’s natural resource revenues for the development of human capital at the inauguration of the first campus of the Italy-Azerbaijan University in Baku.
According to Azeri-Press News Agency, President Aliyev stated, “As a country rich in natural resources, Azerbaijan has tried, first of all, to channel the revenues from natural resources into the development of human capital because we must look to the future.” He highlighted that while oil, gas, and other natural resources contribute to economic growth, they do not guarantee long-term sustainable development.
President Aliyev further elaborated that Azerbaijan is focusing on building a foundation of knowledge, technology, and education to ensure the country’s future prosperity. He pointed out that the nation has been dedicated to this cause for many years, implementing numerous important programs to support these areas.