How militancy affected oil output, revenue

SHARE:

By Naomi Uzor THE nation has been cautioned to tame militancy as it culminated in a significant drop in output and revenue a few years ago....

By Naomi Uzor

THE nation has been cautioned to tame militancy as it culminated in a significant drop in output and revenue a few years ago.

Stating this at the just concluded Kaduna International Trade Fair, the Chief Executive Officer, Koinowia Ventures Limited, Mr. Olufemi Boyede, said that the various issues that breed militancy should be addressed.

He also indicated that: “the non-oil sector, has continued to remain the main driver of growth in the immediate-to-medium term hence, at the inception of President Buhari’s administrations, the government immediately adopted an adjustment strategy that hinges on combating corruption and shoring up non-oil revenues to compensate for dwindling oil revenues. The reality and imperative of diversification therefore became clear.

“This is why Government, in 1986, introduced about 18 different incentives to support exports. However, as of today very few are operational.

‘’In recognition of its mandate to formulate and implement policies and instruments to grow Nigeria’s non-oil exports, the Nigeria Export Promotion Council has recently produced and is currently validating a “New Basket of Export Incentives” for Nigeria.’’

The post How militancy affected oil output, revenue appeared first on Vanguard News.

COMMENTS

Name

Education,4,Entertainment,91,Event,1,finance,5,Football,24,health,20,Hot Posts,45,Latest Nigerian News,147,News,15602,Newsplashy Tips,22,Newssplashy Tips,45,politics,20,sports,20,Stories,4,Technology,12,Video,4,World News,27,
ltr
item
NewsSplashy - Latest Nigerian News Online,World Newspaper: How militancy affected oil output, revenue
How militancy affected oil output, revenue
https://cdn.vanguardngr.com/wp-content/uploads/2016/05/Militant.jpg
NewsSplashy - Latest Nigerian News Online,World Newspaper
https://www.newssplashy.com/2018/03/how-militancy-affected-oil-output.html
https://www.newssplashy.com/
https://www.newssplashy.com/
https://www.newssplashy.com/2018/03/how-militancy-affected-oil-output.html
true
2577610654942866673
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy