Nigeria to break oil revenues in 10 years – Awolowo
Executive Director / Chief Executive Officer of the Nigeria Export Promotion Council (NEPC) Shogun Awolovo expressed optimism that Nigeria will emerge from dependence on crude oil revenues within 10 years.
Avolovo delivered a speech on Friday when he briefed reporters at the State Chamber after meeting with President Muhammadu Bukhari.
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The NEPC chief, who said the establishment of the firm was made possible by measures taken to improve non-oil exports, expressed strong confidence that Nigeria could gain $ 30 billion in non-oil exports despite the effects of the current COVID-19 pandemic in the next decade.
“We cannot run an economy where 90% of our revenue comes from crude oil. It just doesn’t work, and this is what we see in the years when we entered the first recession, when world oil prices were around the world, ”he said.
Source: – Daily Trust