"Nigeria Diversifying From Oil" – VP, Osinbajo

Osinbajo has said that with its focus on non-oil exports coupled with the Zero-Oil Plan actively promoted by the Nigerian Export Promotion Council, Nigeria is on the right path to economic diversification

"Nigeria Diversifying From Oil" – VP, Osinbajo
Prof. Yemi Osinbajo

Vice President, Yemi Osinbajo reveals Nigeria is now focusing on non-oil exports.

He said the zero-oil plan promoted by the Nigerian Export Promotion Council (NEPC), affirms the country as being on economic diversification path.

Osinbajo spoke on Thursday, November 25, 2021, when he received NEPC delegation led by the outgoing Executive Director/CEO, Segun Awolowo.

The VP said the country is on the right path and hailed the attention to non-oil exports.

The Senior Advocate of Nigeria (SAN) told policymakers to ensure that in the next few years, the zero-oil plan is achieved.

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

Osinbajo said: “We are certainly getting away from the oil and gas era. We used to think that it will take a while, but today, the circumstances have changed.”

Osinbajo added that public investments from the European Union (EU) and multilateral oil and gas companies are fizzling out.

The VP noted that the Export Expansion Facility Programme (EEFP) is a natural progression for the zero-oil plan.

He advised stakeholders to brace up for the challenges ahead and ensure that the right things are done.