Nigeria’s revenue diversification has gone nowhere, data shows

Nigeria’s revenue diversification has gone nowhere, data shows

Nigeria’s effort to break a three decade-old dependence on oil revenue has gone nowhere, data sourced from the Central Bank shows. The country’s non-oil revenue, expected to relieve oil as the government’s dominant source of cash, came in at N1.13 trillion in the first five months of 2017. That is N220 billion or 16 percent…

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