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NIGERIA: AFTER THE OIL

Moving Nigeria beyond oil: Is there really a political will? Diversifying Nigeria's economy beyond its reliance on crude oil is crucial for sustainable growth, job creation, and poverty reduction. Here are some key strategies to achieve this goal: 1. Boost agriculture: Nigeria possesses vast agricultural potential, with fertile land and diverse agro-ecological zones. Investing in modern agricultural practices, irrigation systems, and infrastructure can significantly increase productivity and export earnings. Promoting value-added processing of agricultural products can further enhance the sector's contribution to the economy. 2. Develop manufacturing: The manufacturing sector plays a vital role in creating employment and generating value-added products. Encouraging local manufacturing, particularly in labor-intensive industries like textiles, footwear, and furniture, can boost employment and reduce reliance on imports. 3. Harness the service sector: The service sector, incl...