FG targets $150 billion non-oil revenue
The federal government aims to earn $150 billion non-oil revenue in the next 10 to 15 years if its implementation goes well.
Awolowo, who briefed State House correspondents, said: “I came to see Mr President to brief him on the zero oil implementation plan and what we have been doing. “What we hope to achieve is to raise more revenue for Nigeria from other sources. You know 90 percent of our revenue is from oil and we cannot survive. Even though oil prices are rising a bit because of Iran, there is problem there.“But we should not rest on our oars because, those days of $140 per barrel is gone forever. So we have to look inwards and produce more.”He said that 22 sectors have been identified where foreign exchange can be earned apart from oil.
“We are working with the relevant MDAs to achieve this. You know the CBN just announced an initiative on five of our products and giving them low interest rates to farm and raise production.” He went on: “I was happy to present to Mr. President some tomatoes and Bell peppers from a green house in Benin.
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