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Non-oil Sector Can Finance Nigeria’s Infrastructure Deficit – UK

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The British High Commission in Abuja has said that Nigeria’s infrastructure deficit can be fixed if the non-oil sector is explored. The commission also

The British High Commission in Abuja has said that Nigeria’s infrastructure deficit can be fixed if the non-oil sector is explored.

Speaking at a Citizens Dialogue on Fiscal Governance and Economic Resilience: “Emerging Issues and Policy Options, organised by Partnership to Engage, Reform and Learn Engaged Citizens Pillar in Abuja, the governance team leader at the High Commission, Lucy Hayes, said though they had seen some improvements in internal revenue generation at state level, there is more to be done.

Hayes said without a diversified economy and a stronger tax-based less dependent on oil, Nigeria’s economic resilience would continue to be shaken by global oil price changes.

 

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