Connect with us

NEWS

Nigeria Now Earns More From Non-Oil Revenues – Osinbajo

Published

on





President  Yemi Osinbajo says revenue recently flowing into the nation’s treasury are majorly from non oil and gas exports.

 

This is contained in a statement by Josephine Ademu, Press and Public Relations of the Federal Ministry of Science, Technology and Innovation on Friday, in Abuja.

Advertisement

 

The Vice President said this at the Nigerian Society of Chemical Engineers (NSCHE) 51st Annual International Conference/AGM on Thursday in Lagos.

 

Advertisement

Represented by Dr Ogbonnaya Onu, Minister of Science, Technology and Innovation, Osinbajo pointed out that the Federal Government had worked assiduously to ensure that the country achieve economic diversification.

 

He said that the nation could not afford to be taken off guard as crude oil and gas were no longer the major fuel that drives global economies.

Advertisement

 

According to him, this is due to the fact that more technologically developed nations of the world have switched to clean and renewable energy.

 

Advertisement

“Many countries in different continents are now preparing themselves to depend less fossil fuels.

” Electric cars are found on roads and streets of many of the technologically developed countries of the world.

 

Advertisement

“This has sent a clear signal and a strong message that fossil fuels will not be as important as they are in years to come,” the Vice president said.

 

He stressed that Nigeria must prepare for the future where crude oil, which had been it’s major source of revenue, would no longer occupy prominent position in the economies of many nations.

Advertisement

 

He charged the Nigerian Manufacturers stakeholders at the conference to produce almost everything needed in the country which would translate to less imports, a stronger currency and economy.

 

Advertisement

Earlier, Chief Dapo Abiodun, Governor of Ogun, in his goodwill message, lauded the theme of the conference as apt and pertinent.

 

Abiodun was represented by Mr Gbenga Dairo, the state Commissioner of Transportation.

Advertisement

 

Advertisement
Click to comment
NEWS13 hours ago

Ned Nwoko’s Sports University Announces Admission for 2025/2026 Academic Session

FEATURED17 hours ago

Tinubu Hosts Ibori, Igbinedion, Other Class of 1999 Governors in Aso Rock Villa

Profiled
FEATURED18 hours ago

EFCC Uncovers Massive Scam Using Fake Airline Discounts, Reveals How Scammers Use ‘Promo’ Offers to Hijack Accounts

FEATURED19 hours ago

Kano TikToker, Musician Jailed for Naira Abuse

FEATURED19 hours ago

Ex-NHIS Boss,Femi Thomas, BDC Operator Convicted For $2,198,900.00 Fraud in Lagos

COMMUNITY REPORT22 hours ago

DOPF Hails Delta Assembly on Passage of Community Security Bill, Urges Governor’s Swift Assent

FEATURED23 hours ago

13% Derivation: N’Delta Leader, Okirika Hails Sen. Nwoko’s Push for Direct Allocation to Host Communities

FEATURED1 day ago

Delta Transfers Otor-Udu General Hospital to FG for FMC Establishment

stashed away
FEATURED1 day ago

Court Jails Man for Vandalising Delta Govt Property, to Clean Court Premises for One Year

FEATURED2 days ago

Delta Police Arrest 184 Suspected Internet Fraudsters, Busts Notorious Kidnap Gang

FEATURED2 days ago

Senator Nwoko Joins APC Leaders at Key NEC Meeting, Signals Delta’s Growing Political Influence

COMMUNITY REPORT2 days ago

WABMA Foundation, Partners Launch School-Based SGBV Sensitization Across Southeast

oil spill
FEATURED2 days ago

Senator Nwoko-led C’ttee Intensifies Moves to Expose and Dismantle Illicit Oil Theft Networks

FEATURED2 days ago

Controversy as PENGASSAN, NUPENG, Disrupt Academy Activity in FUPRE Despite Court Judgment Prohibiting Petroleum-based Unions

OPINION2 days ago

ANIOMA STATE: A BRIDGE OF UNITY AND BALANCE FOR THE SOUTHEAST AND NIGERIA, BY CHARLES UDE

Advertisement
Advertisement