For decades, every Nigerian administration has promised to “diversify the economy.” Yet crude oil, which accounts for less than 10 percent of GDP, has continued to provide the bulk of export earnings and fiscal revenues, leaving the country exposed to global oil cycles, fiscal crises, and foreign exchange shortages.
Today, however, the story is beginning to change. Agriculture and manufacturing exports are rising, non-oil trade balances are improving, and Nigerian firms are pushing into regional markets
