FMARD Recruitment 2021  Yobe State SUBEB recruitment portal Federal Ministry of Foreign Affairs Recruitment

Very Soon Nigeria Will Drink Her Crude Oil, Says Ezekwesili

1 min


Very Soon Nigeria Will Drink Her Crude Oil, Says Ezekwesili

Oby Ezekwesili, former minister of education, says Nigeria will be forced to drink her crude oil very soon.

She said the country risks losing its grip on crude oil as its economic mainstay if it fails to diversify its economy.

Ezekwesili said this while speaking on Tuesday at the 2017 civil engineering conference organised by the Abuja chapter of the Nigerian Institution of Civil Engineers (NICE).

She said major oil producing countries are already putting in place measures to diversify from the oil sector but Nigeria remains “adamant” on its dependence on the commodity.

READ ALSO  JUST IN: PDP considers Dogara as Minority Leader, asks lawmakers to submit leadership list tomorrow.

“Norway, one of the biggest oil producers has just stashed $1 trillion of her oil money in a sovereign wealth fund,” she said.

“I was in Norway recently, and 10 per cent of vehicles used there run on electric. Nigeria should ask herself these critical questions because very soon, Nigeria will drink her crude oil.”

Although the federal government is making moves to diversify the economy, Nigeria remains heavily dependent on oil, a resource which is the country’s main source of revenue.

Of recent, some countries have expressed plans to ban petrol and diesel cars from their roads, which poses a risk for the future profitability of Nigeria’s oil.

READ ALSO  BREAKING: Top Presidency Aides Denied Access To Aso Villa After Violating NCDC Guideline During Abba Kyari’s Burial

The UK, Germany, France, Norway, and Netherlands, as well as Asian countries, India and China, are among the countries who may not rely on oil for their vehicles in future.


Like it? Share with your friends!

Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.