International records / OpenAlex research

Diversification of the Nigerian Economy towards a Sustainable Growth and Economic Development

As a matter of priority, Nigeria government must encourage the diversification of Nigeria’s economy. It is the only viable way to survive the current environment of global economic uncertainty with the volatility of oil price. It is crucial that government do not believe that oil provides an endless source of revenue. Nigerian economy is mono-economy, depending on oil. Good percentage of Nigerians live in abject poverty, unemployment is on the high and productivity is at its lowest level. Given this, the study seeks possible ways of diversifying the productive base of the Nigerian economy. Usi…