Presently, revenue from crude oil is the dominant source of foreign exchange earner for Nigeria. Since the mid-1970s, oil has consistently accounted for approximately 95 per cent of the country's foreign exchange earnings and 80 per cent of budgetary revenue.
Five of Nigeria’s untapped resources can contribute $1trillion to the country’s gross domestic product (GDP), but poor regulatory and fiscal policies by successive governments keep the country poor.
Nigeria has a lot of untapped resources in agriculture/ food processing, extractive industry,
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Charles Ogwo
Charles Ogwo is a proactive journalist, driving education, and business innovations for over 10 years.
He leads initiatives leveraging tech to enhance storytelling and build topnotch performing team.
Charles is passionate about harnessing technology to inform, engage and empower communities.
