Goddy EgeneAchieving the federal government’s vision of growth for businesses and $1 trillion economy size for the country by 2030 will not be an easy task. It requires a stable and prosperous economy that is driven by peace and stability. The peace and stability of in Niger Delta and protection of national assets, especially oil assets through Tantita Security Services Nigeria Ltd (TSSNL) operations will be central in achieving the revenue streams required to grow the economy to quantum $1 trillion size.
Nigeria has a big dream, achieving $1 trillion economy size by 2030, with significant support from the oil sector. The Policy Advisory Council report on the national economy had set an ambitious goal of achieving a Gross domestic growth (GDP) of $1trillion, with clearly defined priority areas and strategies.However, gaining the oil sector backing in this milestone journey requires more than policy pronouncements from the National Bureau of Statistics (NBS).
It requires investment drive, attractiveness to global financial markets and strong revenue streams, from the oil sector, which contributes over 75 per cent of Nigeria’s foreign exchange (FX) earnings.Effectively harnessing the oil revenue requires that the Niger Delta, a region severally described as the goose that lays the golden eggs, must also be at peace and oil infrastructure across the region well secured.
