• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 25, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Expert urges Nigeria to shun dependence on crude oil

Crude oil

The Matters Press by The Matters Press
August 28, 2022
Reading Time: 1 min read
0
Nigeria regains top crude oil production spot in Africa

Dr Abiodun Adedipe, Chief Consultant B. Adedipe Associates Ltd., has called for a deliberate alignment of policies across fiscal, monetary, commercial and industrial planks, to stop the country’s dependence on crude oil.

RELATED POSTS

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

Adedipe made the call at the 33rd Seminar organised by the Central Bank of Nigeria (CBN) for Finance Correspondents and Business Editors, held simultaneously in Abuja and Lagos on Saturday.

The conference had, “Policy Options for Economic Diversification: Thinking Outside the Crude Oil-Box,” as its theme.

“If Nigeria sincerely wants to get out of dependence on crude oil and the woes this has brought since the petrodollar began flowing in 1974, some courageous steps must be taken,” he said.

Adedipe advised the government to reform and rationalise governance as the structure was convoluted and costly.

He suggested that the civil and public service be professionalised, calling for the adoption of the Lee Kuan Yew Model which emphasised meritocracy and diversity in appointments.

Adedipe was emphatic that the government must reform its fiscal operations by revisiting the Anya Committee report of 2011, which would rationalise fiscal expenditure and eliminate leakages.

He said there was also the need to focus on industrialisation by revisiting and updating the National Industrial Revolution plan, which he said was the crux of the matter.

He urged the government to commit to local production of essential goods and target infrastructure development, and called for public-private partnership with local partners rather than the present obsession with foreigners.

He urged the government to revamp the funding structure for education and stop the creation of new institutions of higher learning.

Tags: Crude oil
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Next Post
Nigeria has not taken decision yet on fuel subsidy

End to petrol subsidy difficult task but necessary - Unions

Mama Biafra regains freedom, as IPOB promises to unfold progress of struggle

Mama Biafra regains freedom, as IPOB promises to unfold progress of struggle

Recommended Stories

Stakeholders unveil plan to upgrade catfish production

Fish farmers seek funding for research institutes

October 25, 2023
US firm joins rush for new lithium deposits in Tanzania

US firm joins rush for new lithium deposits in Tanzania

March 16, 2023
Derivation fund must go to host communities

Derivation fund must go to host communities

December 15, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF
  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us