Abuja - Vice President, Yemi Osinbajo, has
reiterated calls to diversify the country’s economy from oil.
He spoke in Abuja following a meeting with a delegation of
United States business officials.
Osinbajo said although Nigeria currently faced serious challenges,
it had immense opportunities.
“It is time to diversify the economy from oil. We have
always spoken about it, but never got around doing it. The opportunity has come
now," he said.
Also read: The promise and challenges of a rebased economy
He said the country had all it took to be an agricultural
“We also have solid minerals and we must develop our
infrastructure in order to aid business,” Osinbajo said.
His sentiments come amid concern at the plummeting oil
prices in the global markets.
Nigeria’s economy is seen as overly-reliant on oil. The West
African country is the continent’s biggest producer of the commodity.
- CAJ News