The World Trade Organization chief has urged Nigeria to see alternative revenue sources as the oil and gas industry becomes less lucrative. Speaking during a recent function in Abuja, Ngozi Okonjo Iweala, Director-General of the WTO, has advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains. “We need to start preparing now for a time when our oil and gas will no longer serve us as the main sources of revenue. Oil and gas would no longer be Nigeria’s primary sources of income, according to Okonjo Iweala. Her comments are in line with the current turn of events in Nigeria’s oil and gas sector, which has continually experienced a decline in its daily oil output for at least the past one year.

Source: The North Africa Journal May 20, 2023 17:16 UTC