The Nigerian Government, conscious of the over-dependence on Oil which constitutes about 95% of generated revenue, has embarked on many measures to give the country a new lease on life.
To generate a stronger and stable growth rate, the Government is promoting increased production in the non-oil sector of the economy by creating a level-playing field for private-sector led activity. Essentially, the pivots around which the framework for economic growth and development will revolve include the following:
- agriculture and agro-business,
- solid minerals development,
- other manufacturing, including information and communications technology (ICT),
- crude oil,
- natural gas, and