Nigeria must diversify, cut dependence on crude – Obasanjo

Former President Olusegun Obasanjo, on Sunday, again stressed the need for the country to shift from a mono-economy marked by over-dependence on crude oil and embrace non-oil exports, particularly agribusiness to overcome the problem of forex crisis that had significantly impacted the nation’s economy negatively.

Obasanjo alluded to the assertion by some commentators who opined that oil had become a curse to the nation, hampering the development of potentials in other areas.

The former President spoke at the closing ceremony of a one-week training organised for 200 entrepreneurs by the African Leadership Foundation in collaboration with the Africa ExportImport Bank.

The training, with the theme, “Agribusiness Export Readiness Accelerator Training Programme,” held at the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State.

Obasanjo said, “Historically, Nigeria has been known for its near total dependence on earnings from petroleum export,…

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