"Nigeria will drink her crude oil", ex-minister warns
The former minister warned that Nigeria has to diversify its economy.
Recommended articles
![Cross River motorists lament state of bad roads, calls on Govt to intervene [Punch Newspapers]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Cross River motorists lament state of bad roads, calls on Govt to intervene [Punch Newspapers]")
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.
ADVERTISEMENT
"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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
A journey of 1hr, now takes 4hrs - Cross River motorists lament on bad roads
Lagos Govt pays WAEC fees for 58,188 SSCE students with ₦1.5 billion
Nigerian Navy seizes illicit drugs, arrests suspected dealers in Akwa Ibom
APC requires increased accountability to function optimally - Salihu Lukman
FG to set up committee for awareness on PWD’s rights
Reps call on military to utilise modern tech for security issues in Nigeria
UNN to reduce unemployment among Nigerian graduates through mentoring
AGF calls for strong internal controls to curb financial mismanagement
Tariff has been hiked with no improvement - Abuja residents decry power outage
ADVERTISEMENT
