"Nigeria will drink her crude oil", ex-minister warns
The former minister warned that Nigeria has to diversify its economy.
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The former minister and human rights activist warned that Nigeria has to diversify its economy and keep up with the rest of the world to secure its future.
She said this on Tuesday, October 3, at the 2017 civil engineering conference organised by the Abuja chapter of the Nigerian Institution of Civil Engineers (NICE).
"Norway, one of the biggest oil producers has just stashed $1 trillion of her oil money in a sovereign wealth fund.
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"I was in Norway recently, and 10 per cent of vehicles used there run on electric. Nigeria should ask herself these critical questions because very soon, Nigeria will drink her crude oil," she said.
Nigeria's economy remains dependent on oil despite the government's attempts to rejuvenate the agricultural and transport sector.
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