Nigeria’s survival hinges on non-oil resources – NEPC – The Sun Nigeria
The Nigeria Export Promotion Council (NEPC) says the country’s economic survival relies on non-oil products.
NEPC Trade Promotion Adviser Bello Noma said as much when he led his colleagues on an outreach visit to the News Agency of Nigeria (NAN) in Jos on Monday.
Noma said oil, “which is the country’s main export, will one day run out, leaving the country with non-oil products.
“Furthermore, a few years ago, more than 200 nations around the world signed an agreement that they will stop using fossil oil.
“It also includes the crude oil that we brag about, so by the time this is passed there will be no market for us.
“So if we don’t diversify our economy and embrace the non-oil sector, there will be a problem.
“That’s why we are now advocating and raising public awareness of the importance of the nation’s enormous non-oil potential.”
He further said that Nigeria is endowed with abundant non-oil resources in every state of the federation but they are not being fully exploited.
The trade promotion adviser said the council spent a week raising awareness of the country’s rich non-oil potential to boost the export of non-oil products.
Noma said they were at the News Agency of Nigeria (NAN) to seek his help in publicizing the activities of the council.
He added that what they were doing was letting people know that “there is a lot of money in the non-oil sector.
“Come and harness the untapped potential and it will create many job opportunities for our youth and women and also generate more foreign exchange for the country.
“Now, when we look at the macro-economic indicators of the country, we have reason to worry.
“The macro-economic variables are due to the fact that there are not enough foreign exchange inflows into the country”.
NAN Zone Director, North Central, Jos, Mr. Kayode Olaitan assured the team that NAN would do its best to promote the activities of the council. (NOPE)