Nigerian Can Earn $100bn Annually from Non-Oil Sector, Says Awolowo


Ademola Babalola in Ibadan

Nigeria needs export revolution to rank among the greatest countries of the world with a sound economy and foreign reserves comparable to the key global players, the Executive Director/CEO, Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo, said on Wednesday in Ibadan.

He spoke while presenting a roadmap to the nation’s economy in a paper titled: “The ‘zero oil’ plan and an export revolution” he anchored during a Development Agenda for Western Nigeria (DAWN) Commission/NEPC dialogue on economic diversification with some representatives of six south west states, at the headquarters of DAWN commission, Cocoa house, Ibadan. The presentation also had in attendance the management of the Odu’a investment company limited led by its GMD, Mr. Adewale Raji.

The two-hour presentation centred on how Nigeria can evolve a workable economic plan and blueprint on agribusiness and other non-oil sectors that are capable of growing the nation’s external reserves, generate employment and by extension, drastically make the naira to rise against other currencies of the world especially the almighty US dollar”.

He said Nigeria can lead the export revolution in Africa as a continent by leveraging on its diversities and natural resources in a way that “the one state one product Program (OSOP)” can be a success for all the states in the federation.

Further details later