There’s need for more urgency in Nigeria’s race beyond an oil-centric economy

    Faith Omoboye | YSOT | Feb 03, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
4374
times

Nigeria’s economy can no longer depend on a single product. And it should not, as has often been repeatedly stated by several persons and institutions that mean well for the country. The nation cannot depend on oil alone. 

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
YSoT
Funding concerns about decentralised policing demand we mind current leaks
Imagine Nigeria’s public security financing as a rambling, poorly audited ledger. On one side, enormous sums are recorded under vague headings – “security vote", "miscellaneous", and “special services” – with little trace of what they actually buy.
Deji Olatoye | Jun 12, 2026
YSoT
Solar energy is becoming an alternative to an unreliable grid electricity in Nigeria
For decades, discussions about electricity in Nigeria have been dominated by the recurring problem of insufficient power supply. Despite repeated reforms and substantial investments, millions of households, businesses and public institutions continue to o
Duro Oni | Jun 11, 2026
YSoT
Another Children’s Day, the same promises, and an uncertain future
Two weeks ago, on Wednesday 27th May, Nigeria marked another Children’s Day. It should have been an occasion not only for celebration but also for taking stock of how far the country has come in securing the future of its children and young people.
Epà Ogie Eboigbe | Jun 10, 2026
YSoT
Kleptocracy and the normalisation of corruption in Nigeria's politics 
In January 2019, former National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, made one of the most memorable statements in Nigeria's recent political history.
Martins Owadasa-Olusola | Jun 10, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad