Nigeria Is Now In A Post Crude Oil Era – Minister

Nigeria Is Now In A Post Crude Oil Era – Minister

Science and technology minister Ogbonnaya Onu says federal government has begun preparing for a post-crude oil era as the country is now looking beyond black gold as a revenue earner, Daily Trust reports.

He spoke at the first science and technology innovation sensitization forum in Abuja Tuesday. He said it was increasingly becoming difficult for Nigeria to find a suitable buyer for its crude oil as most countries are looking away from oil.

“As I speak, Europe and other parts of the industrialized world are preparing for a post crude oil era. Nigeria must prepare in a similar way by ensuring that immediate measures are put in place that will fast track the role of science, technology and innovation as the new driver of our economic development process,” the minister said.

The government, he said, had conceptualized the novel National Strategy for Competitiveness in Raw Materials and Products Development in Nigeria to address the challenge of developing and implementing effective policies and strategies that would stimulate economic diversification and promote industrialization in an irreversible manner.

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