Waziri Adio, executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), has offered tips on areas Nigeria can experience sustained economic recovery beyond merely getting out of recession.
He gave the insight in a paper he delivered recently at the 3rd Annual Lecture of the Dauda Adegbenro Foundation held at the University of Ibadan.
The five takes are: maximising and adding value to endowments; entrenching transparency and accountability in management of extractive industry resources; saving enough for rainy days; restructuring the economy; and investing in health, education and infrastructure to expand the creative and productive capacities of the people.
“The extractive sector is roundly implicated in our march into and out of recession,” he said.
“Exposed to the oil and gas sector, at some point, for as much as 95% of exports and 85% of…
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