Osinbajo: Nigeria Now Earns More From Non-Oil Revenues

Osinbajo Nigeria Now Earns More From Non-Oil Revenues


Vice-President Yemi Osinbajo said Nigeria Now Earns More From Non-Oil Revenues

Nigerian Vice President Yemi Osinbajo said that the revenues recently moving into the country’s bank are mainly related to non-oil and gas exports this was stated in a statement by Josephine Ademu, a spokesman for the press and public relations of the Federal Ministry of Science, Technology, and Innovation, on Friday in Abuja.

The vice president said this at the 51st Annual International Conference / AGM of the Nigerian Society of Chemical Engineers (NSCHE) on Thursday in Lagos.

Through the Minister of Science, Technology, and Innovation, Dr. Ogbonnaya, Onu Osinbajo noted that the federal government has worked diligently to ensure the country’s economic diversification.

He said the country cannot afford to be caught off guard as crude oil and gas are no longer the main fuel driving the global economy according to him, this is due to the fact that the more technologically advanced countries of the world have switched to clean and renewable energy.

“Many countries on different continents are currently gearing up to be less dependent on fossil fuels electric cars can be found on the roads and streets of many technologically advanced countries around the world.

“This was a clear signal and a compelling signal that fossil fuels will not be as important in the coming years,” the vice president said he emphasized that Nigeria must prepare for a future in which crude oil, which was its main source of income, will no longer figure prominently in the economies of many countries.

At the conference, he tasked stakeholders with Nigerian manufacturers to produce almost everything the country needs, which would lead to reduced imports, a stronger currency, and a stronger economy.

Earlier, the Governor of Ogun State, Chief Dapo Abiodun, in his message of goodwill, called the topic of the conference appropriate and relevant Abiodun was exemplified by Mr. Gbenga Dairo, State Transport Commissioner. (NAN)