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Nigeria diversifying from oil – Osinbajo



Vice President, Yemi Osinbajo says Nigeria is now specializing in non-oil exports.

He mentioned the zero-oil plan promoted by the Nigerian Export Promotion Council (NEPC), affirms the nation as being on financial diversification path.

Osinbajo spoke on Thursday when he acquired NEPC delegation led by the outgoing Government Director/CEO, Segun Awolowo.

The VP mentioned the nation is on the proper path and hailed the eye to non-oil exports.

The Senior Advocate of Nigeria (SAN) informed policymakers to make sure that within the subsequent few years, the zero-oil plan is achieved.

Osinbajo hailed Awolowo for his foresight and putting in a plan that’s well-structured and detailed.


“We’re definitely getting away from the oil and fuel period. We used to suppose that it’s going to take some time, however immediately, the circumstances have modified.”

Osinbajo added that public investments from the European Union (EU) and multilateral oil and fuel firms are really fizzling out.

The VP famous that the Export Enlargement Facility Programme (EEFP) is a pure development for the zero-oil plan.

He suggested stakeholders to brace up for the challenges forward and be certain that the proper issues are achieved.

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