L
LequteMan
Guest
Nigeria is going to replace crude oil, it's major export product for decades, with 13 new products, according to Minister of Industry, Trade and Investment, Olusegun Aganga. PUNCH reports.
“As part of the industrial revolution plan, we have also identified 13 products that will replace oil. These are areas where Nigeria has comparative advantage and export capacity. Mexico did it in seven years. We can also start and diversify our economy and revenue sources.” he said.
The minister said this was part of the spirited moves by the government to revive the national economy.
While unveiling plans by the Federal Government to diversify the economy, Aganga listed the 13 national strategic export products in three categories thus:
Agro-industrial (palm oil, cocoa, cashew, sugar and rice);
Mining-related (cement, iron ore/metals, auto parts/cars, aluminium, and oil and gas);
Industrial products (petroleum products, fertilizer/Urea, petrochemical and methanol)
#Nigeria #CrudeOil
“As part of the industrial revolution plan, we have also identified 13 products that will replace oil. These are areas where Nigeria has comparative advantage and export capacity. Mexico did it in seven years. We can also start and diversify our economy and revenue sources.” he said.
The minister said this was part of the spirited moves by the government to revive the national economy.
While unveiling plans by the Federal Government to diversify the economy, Aganga listed the 13 national strategic export products in three categories thus:
Agro-industrial (palm oil, cocoa, cashew, sugar and rice);
Mining-related (cement, iron ore/metals, auto parts/cars, aluminium, and oil and gas);
Industrial products (petroleum products, fertilizer/Urea, petrochemical and methanol)
#Nigeria #CrudeOil