At a meeting in Abuja on Tuesday, the Minister of State for Finance, Ambassador Bashir Yuguda, said a target of 75 billion Naira had been set, as revenues to be generated from the non oil sector, excluding revenues from the Nigeria Customs Service and the Federal Inland Revenue Service.
According to him, the target excludes revenues from the Nigeria Customs Service and the Federal Inland Revenue Service.
He said that the target would further show the government’s commitment to diversifying the nations economy through revenue generation from the non-oil sector.
Ambassador Yuguda said that the alternative sources of revenue would help shore up the nations economic base in the face of the dwindling price of oil at the international market.
Some of the areas that the government would be focusing on is Agriculture and manufacturing.
The Nigerian government has been making efforts to diversify its economy, exploring agriculture, which was the mainstay of the country’s economy before crude oil was discovered."
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