By Cynthia Alo
For more than five decades, crude oil has remained the dominant pillar of Nigeria’s economy, displacing agriculture from the position it once occupied as the country’s major source of revenue and foreign exchange.
However, with the global shift towards cleaner energy and growing concerns over the sustainability of oil dependence, experts are urging Nigeria to return to agriculture — not merely as a subsistence activity, but as a competitive export-driven industry capable of generating foreign exchange, creating jobs and strengthening the economy.
They argue that Nigeria’s agricultural potential remains largely untapped because the country continues to export mostly raw commodities instead of processing them into finished products that attract higher global value.
Oil Still Dominates Export Earnings Despite Growing Non-Oil Opportunities
