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Nigeria Should Diversify Economy, Embrace Non-Oil Sector – NEPC

According to the Nigeria Export Promotion Council (NEPC), the nation’s economic survival lies with non-oil products.

Bello Noma, NEPC Trade Promotion Advisor, stated this when he led his colleagues on a sensitisation visit to the News Agency of Nigeria in Jos on Monday, 21st November 2022.

Noma said that the oil, “which is the nation’s main export would one day dry up leaving the country with non-oil products.”

“Besides, some years back, more than 200 nations of the world signed an agreement that they are going to stop the usage of fossil oil.

“This also includes the crude oil we are bragging with, so by the time this is adopted,  there will be no market for us.

“So if we don’t diversify our economy and embrace the non-oil sector, there is going to be a problem.

“So that’s why we are now advocating and sensitising the public to the importance of the nation’s huge non-oil potential.”

He added that Nigeria is endowed with a wealth of non-oil resources, which are present in every state of the federation but have not yet been completely utilised.

The trade promotion advisor claimed that in order to increase the export of non-oil items, the council had set aside a week to raise awareness of the country’s significant non-oil potential.

Noma stated that they were in the News Agency of Nigeria to solicit its assistance to propagate the council’s activities.

He added that what they were doing was to let the people know that “there is a lot of money in the non-oil sector.”


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