Fri, 27 Jan 2023

 

Economy: Nigeria must diversify before oil dries up- NEPC
 
By: News Editor
Tue, 22 Nov 2022   ||   Nigeria, Jos, Plateau State
 

The Nigeria Export Promotion Council (NEPC) on Monday urged the Federal Government to diversify the Nation’s economy.
The council, who warned against continued reliance on crude oil, said Nigeria’s survival lies with non-oil products.
This was disclosed by the NEPC Trade Promotion Advisor, Bello Noma, during a sensitisation visit to the News Agency of Nigeria (NAN) in Jos, Plateau State.
Noma said the main export (oil) “would one day dry up leaving the Country with non oil products”.
The official noted that about 200 Countries already signed an agreement to stop the usage of fossil oil.
“This also include the crude oil we are bragging with, so by the time this is adopted, there will be no market for us,” he said.
Noma said the abundant non-oil resources in each State of the Federation are not fully harnessed.
The advisor stressed that there is huge money in the non-oil sector and charged the authorities to utilise the potential for job, wealth creation and foreign exchange.

 

 

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