‘PFMDAIL10: Nigeria needs to find alternatives to Oil

  • The greatest challenge that faces governance at all levels in Nigeria is to find an alternative to oil as the dominant foreign exchange earner.
  • This is in consideration of the fact that the days of high demand for that natural resource has been numbered by timelines for the reduction of its use across different countries and continents.
  • Beyond rhetoric, is there anyone high up in Nigeria’s governance structure thinking about how to resolve this challenge?
  • The way we are going, we may end up in a fiscal and monetary crisis in few years from now.

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