• FG should diversify away from oil – Ajibola

    FG should diversify away from oil – Ajibola

    In order to find solution to the economy downturn, the Federal government has been advised to diversify the economy.

    The President of Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola suggested that Nigeria has great capacity for diversification of its economy, even though most of the strategies targeted towards the achievement of this objective have not yielded the desired results over the years.

    Ajibola, who stated this at  80th anniversary of International Commercial Terms (INCOTERMS) in Lagos,  said that  there […]

  • Why Nigeria must urgently diversify economy – Osinbajo shares reasons

    Why Nigeria must urgently diversify economy – Osinbajo shares reasons

    Vice President Yemi Osinbajo has stressed the need for Nigeria to aggressively diversify its economy, saying the advent of electric cars prove the nation might not be able to depend on oil for much longer.

    According to him, there would be far less oil consumption, especially from Asian countries – Nigeria’s major oil market – as there is an estimate that electric cars would displace demand of 2 million barrels per day as early as 2023. “That could be equivalent to […]

  • US to help Nigeria diversify economy – John Kerry

    US to help Nigeria diversify economy – John Kerry

    The U.S. Secretary of State, John Kerry, says that his country will do everything in its power to help Nigeria diversify from single to multiple resources dominated economy.

    This is contained in statement from the information Unit, U.S. Department of State, made available to the News Agency of Nigeria (NAN) on Thursday in Abuja.

    The News Agency of Nigeria (NAN) reports that Kerry held a meeting with the workers and families of U.S. Embassy in Abuja on Wednesday, where he made the […]

  • Nigeria welcomes support to diversify economy, says Buhari

    Nigeria welcomes support to diversify economy, says Buhari

    President Muhammadu Buhari on Monday in Abuja said his administration will continue to welcome support and investments from the international community in the agricultural and solid minerals sectors as Nigeria moves to reduce dependence on crude oil.

    In a farewell audience with the outgoing Ambassador of the Republic of Sweden to Nigeria, Mr. Svante Kilander, in the State House, President Buhari said the Federal Government would create the enabling environment for local and foreign investments in farming, animal husbandry, fishery and […]