Diversification

Nigerian Govt Moves To Halt Exportation Of Raw Minerals

Nigerian Govt Moves To Halt Exportation Of Raw Minerals

The Federal Government of Nigeria has revealed that it has now embarked on a move to end the exportation of raw minerals in the country to aid in the diversification of the economy, job creation, and industrialisation of the country.

Minister of Mines and Steel Development, Olamilekan Adegbite, disclosed this while briefing journalists in Abuja, today.

He lamented that Nigeria is up till now still exporting crude oil as traded for refined petroleum products.

He said the state would take advantage of the abundant solid minerals in their area to improve its revenue generation.

He said: ‘As we started …

Nigeria Currently Diversifying From Oil – Osinbajo

Nigeria Currently Diversifying From Oil – Osinbajo

Vice President of Nigeria, Prof Yemi Osinbajo has stated that Nigeria currently in the process of diversifying from the oil sector so as to boost rapid economic growth through jobs.

The Vice President made this assertion when he spoke at the commissioning of the Kimberly-Clark Huggies Diaper Manufacturing Plant in Ikorodu, Lagos over the weekend.

While pointing out that seven million babies are born every year in Nigeria, Osinbajo expressed his pleasure that the factory signaled the beginning of greater investments.

‘Every new manufacturing plant is an important step towards our belief that it is private investments, both local and