International records / OpenAlex research

ECONOMIC DIVERSIFICATION AND EXPORT: THE NIGERIAN PERSPECTIVE

The petroleum sector has undoubtedly contributed substantially to Nigerian economy since its discovery in 1956 and more especially, since 1970 when its price has been on the upward trend. It is important to note that for a country to attain the growth and development level which Nigeria requires; its economy has to be diversified. With a fall in the price of oil in the international market, it has become very evident to Nigeria that the only option left to sustain her economy is looking outwards and looking away from oil as the only source of improving its GDP. Nigeria is a mono product nation…