President, Major General Muhammadu Buhari (retd.) deserves to be praised from Nigerians for diversifying economy of the country from oil.
This was made known by the President’s Special Adviser on Media and Publicity, Femi Adesina.
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Adesina said this while speaking on Channels TV on Monday night.
He stated:
This government met a mono-product economy, an economy that depended solely on oil so that when oil prices crashed in the international market, Nigeria crashes with it. But it is no longer so, oil contributes less than 10% of our Gross Domestic Product today, and oil used to contribute about 90%.
For the first time in our history, Nigeria has a diversified economy. Diversification has long been a promise, today, it is no longer a promise, but it is a reality. I think people must credit the Buhari administration for that, because you now have Agriculture, ICT and Manufacturing to an extent, contributing to Nigeria’s GDP.
