The Acting Executive Director, Nigerian Export Promotion Council (NEPC), Abdullahi Sidi-Aliyu has advocated the implementation of policies that will enhance the growth of non-oil sector in the country.
Sidi-Aliyu gave the suggestion at a Stakeholders Forum on the validation of the guidelines on the new basket of incentives schemes (NBIS) held in Kano recently
He insisted that, the nation’s over-dependence on the oil sector for revenue and failure to diversify its economy has made the economy vulnerable to declining international oil prices.
“The neglect and non-development of the critical sectors, especially the non-oil export sector, has turned the oil resources to a “‘source of the curse’,” he said.
The NEPC boss called for sustained effort to substantially improve power as well as the provision of other infrastructure including the building of industrial estates and other necessary incentives that would encourage prospective investors and enhance their competitiveness.