DT Brief: Weaning Nigeria’s Economy from Oil Dependence: Optional Pathways | Agora Thursday New Dispensation 2/6

Event Round-up:  Weaning Nigeria’s Economy from Oil Dependence: Optional Pathways | Agora Thursday New Dispensation 2/6

Speaker: Daniel Stephen  Date: 15th June, 2023

Key Message:
The Nigerian economy is heavily dependent on oil, which accounts for more than 90% of export revenues and more than 80% of government revenue. This reliance makes the country prone to variations in global oil prices. It also discourages the government’s drive to diversify the economy. As a result, the economy has been exposed to severe economic and social dangers.

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