Plans by the President Muhammadu Buhari administration to diversify the revenue base of the economy is on course as the Nigeria Export Promotion Council (NEPC), has said that non-oil revenue was expected to increase from $2.7 billion to $25 billion by 2025.
This was disclosed by the Executive Director of the NEPC, Mr Olusegun Awolowo, at a one-day workshop in Benin City, Edo state.
The NEPC had also developed a ‘zero oil’ plan that will increase by 5%, Nigeria’s total value of world export in the strategic sector in 10 years time.
“The zero plan is a coherent agenda to mobilize the public and private resources towards replacing oil as our number one resource of foreign exchange.”
He added that with the on- going investment in the non-oil sector by the President Muhammadu Buhari administration, the current economic hardship will soon be a thing of the past.