Nigeria is blessed with abundant natural resources but the fact is the huge deposits of these resources do not corroborate with the level of development garnered since independence. Wealth without industrialisation, and without honesty and decency will result in technological and economic under-development. At the moment, there is a rising attractiveness of producing electric cars. From Europe to America to Asia. A majority of these advanced countries are considering a ban on the sale of gasoline-powered cars. If this happens, what is Nigerian’s fate on the sale of oil?
It is time Nigeria diversified her economic base beyond policy pronouncements, to non-oil production and other untapped minerals. In considering the prospect of a Nigeria without oil, the human factor has to be taken into account. It is not easy for a country that had been used to easy oil money, to a life of indulgence and waste, to leaders who don’t know anything about accountability and a people who are neither raised to challenge them nor trained to believe in taxes and levies to seamlessly switch to a life of discipline, taxes and dignity of labour.
Nigeria has a wide diversity of soil. Every zone has something to offer in terms of solid minerals. In addition, we have the land, good arable land; we have the population, we offer varieties for tourism purposes, on top of all these, we have professionals in every field. The northern soil is good for the production of groundnut, sorghum, cowpea and millet. The interior zone made up of sand and clay soil is useful for the production of cotton. The southern zone is good for the production of crops such as cocoa, oil palm and rubber. Alluvia zones found along flooded plains of rivers, deltas and coastal regions can grow wheat, rice, maize, soya bean, cotton and the like. Our soil is great for growing all sorts of crops. Nigeria can survive without oil if most Nigerians could transform agricultural practices into agric-business.
The pursuit of a diversified economy should be premised on good governance and growth of the right institutions and should not be implemented in the centralised and ad-hoc manner with the right mindset and collective resolve to think Nigeria before self and tribe.