Author urges Nigerians to reduce dependence on crude oil

Maryam Suleiman, Abuja


Nigerians have been advised to reduce overdependence on crude oil and explore the exportation of the vast resources the country is blessed with.

The advice was given during the book launch of a text titled,’ Export Promotion in Nigeria: Law, policy, and practice’ by Ezra Yakusak at the Nigerian Air force conference Centre Anuja, Nigeria’s capital.

The reviewer of the book, Mr Ogwu Onoja explained that the eleven chapter book is aimed at enlightening readers on ways of boosting the Nigerian economy.

“Our economy has been dependent for so long on oil revenue to the neglect of non oil products” he explained.

“It is a fact that non oil products were the lifeline of our economy before the advent of oil in Nigeria”, he said.

“Many industries particularly the agro based industries collapsed, the over dependent on oil revenue has lead to the collapse of these industries”,  

“Consequently, Nigeria has become a dumping ground for foreign goods”, he stated.

“In this book, the author the law and policy regulations, of export promotion in Nigeria and identified the flaws and challenges associated with the implementation of these laws and programmes.”

“The author also dealt with other important issues like legal framework, policy framework, support services, standard trade conventions, emerging strategies among others,” he explained.

On the part of the author, Ezra Yakusak explained that the book is more of an educational text book than a novel and is expected to be used in tertiary institutions to enlighten students on the export trade as they graduate into the job searching world.

‘What I intend is that this book is not like kind of a novel, it is a text book and my main focus my objective is that the subject of export promotion will be introduced in our various tertiary institutions because if we are serious about export promotion, if we are serious about non oil export trade, by now the subject should have been taught by our Universities’, he stressed.

Dignitaries present at the launch were Secretary to the Government of the Federation, Mr Boss Mustapha and the former Nigerian Head of State General Yakubu Gowon whose eighty fifth birthday was marked at the event.