…government to invest N242bn in sector
Agriculture and manufacturing will make a greater contribution to Nigeria’s economic growth in the coming years as it seeks to reduce its dependence on crude oil, Acting President Goodluck Jonathan said on Wednesday.
The country’s oil and gas industry provides around 80 percent of government revenues but as the energy sector has rapidly expanded, other areas of the economy have been in decline, leaving the country cripplingly import-dependent.
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Added March 10, 2010
from Businessday Nigeria