Nigeria not ready for the Post-Oil economy – Fashola

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post-oil economy

Nigeria has not shown enough readiness to commence the journey into a post-oil economy, the Minister of Power, Works and Housing, Babatunde Fashola, has said.

His view was also shared by the Executive Secretary, Petroleum Technology Development Fund, Aliyu Gusau, and a former Group Managing Director, Nigerian National Petroleum Corporation, Funsho Kupolokun.

This is coming as the former NNPC boss declared that there was still lack of transparency in the country’s oil and gas sector.

Kupolokun, who chaired the 11th Nigerian Association for Energy Economics/International Association for Energy Economics Annual Conference in Abuja on Monday, told local and foreign participants at the event that despite all that had been said about the opaque nature of the petroleum industry for decades, the sector had failed to be transparent.

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