Global News

Why Nigeria must discontinue Dependence on Crude Oil - Emefiele

Why Nigeria must discontinue Dependence on Crude Oil - Emefiele (Updated: Sunday, 6th December 2020, 08:54 AM)


Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that Nigeria must discontinue its dependence on crude oil to guarantee public revenue and foreign exchange.

Emefiele sad this on Saturday in Abuja during a ceremony to mark the end of the 2020 CBN Governor’s Golf Cup tournament.

The governor said that the country needs to utilize other economic potentials in order to move out of economic recession.

He also stated that sports cannot be left behind while utilizing available tools to ensure the development of the country since it attracts foreign exchange.

“The Bank’s consistency in promoting the game of golf and other sports in the country has had a remarkable impact on youths.

“We have been promoting youth empowerment not only through sporting events, but also through development of finance initiatives and schemes.

“These include Youth Entrepreneurship Development Scheme, Micro Small and Medium Enterprises Development, Agri-Business and Small and Medium Enterprises Investment Scheme and other innovative programs.

“However, I urge Nigerians to take hold of these opportunities to contribute to the country’s growth and development,” he said.

Add a coment

Recent Posts

Otega
Otega
Terry G
Terry G
Dremo
Dremo
Bracket
Bracket
JoeEL
JoeEL
King Perryy
King Perryy
Burna Boy
Burna Boy
Lilyungage
Lilyungage
Sola Allyson
Sola Allyson
Ozzybee
Ozzybee
Oritse Femi
Oritse Femi
DJ Lambo
DJ Lambo
Diamond...
Diamond...
Master KG
Master KG
Tiwa Savage
Tiwa Savage
Future
Future
Bella Shmurda
Bella Shmurda
Slimcase
Slimcase
Wande Coal
Wande Coal
Patapaa
Patapaa
Pheelz
Pheelz
Mr Eazi
Mr Eazi
Terry Apala
Terry Apala
Stormyzino
Stormyzino
Jhybo
Jhybo
Fireboy DML
Fireboy DML
BlaqBonez
BlaqBonez
Broda Shaggi
Broda Shaggi
Madrina
Madrina
Made Kuti
Made Kuti
Don Jazzy
Don Jazzy
Vector
Vector
Emo Grae
Emo Grae
Nonso Amadi
Nonso Amadi
Omawumi
Omawumi
BlackMagic
BlackMagic
Timaya
Timaya
Davolee
Davolee
CDQ
CDQ
Orezi
Orezi
NAIJAKIT.COM

Trending Posts