FG looks beyond crude oil era – Minister

FG looks beyond crude oil era - Minister

The Minister of Science and Technology, Dr Ogbonnaya Onu, has said that the Federal Government has begun preparation for a post crude oil era as the country is now looking beyond sale of black gold as a source of revenue, a top official said.

The Minister who disclosed this at the first science and technology innovation sensitization forum in Abuja yesterday, added that it is increasing becoming difficult for Nigeria to find a suitable buyer for its crude oil as most countries are looking away from oil.

“As I speak, Europe and other parts of the industrialized world are preparing for a post crude oil era.  Nigeria must prepare in a similar way by ensuring that immediate measures are put in place that will fast track the role of science, technology and innovation as the new driver of our economic development process”, the minister said.

The possession of natural resources may make a country rich, he said, it is the ability of countries to deploy science and technology to convert such natural resources into goods and services that makes a nation consolidates on its wealth.

“The APC led Administration of President Muhammadu Buhari is determined to ensure that science and technology play a vital role in its effort to diversify the nation’s economy, create jobs, reduce poverty, conquer illiteracy and substantially improve our people’s standard of living”, he added.



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