23 January 2012

Nigeria: 'Science and Technology a Good Substitute to Oil'

A Senior Education Adviser at World Bank, Dr Tunde Adekola says science and technology is a very high revenue earning sector Nigeria can focus on for development instead of crude oil.

Speaking during the African Knowledge Transfer Partnership workshop by the British Council recently in Abuja, Dr Adekola said the World Bank is supporting higher institutions of learning in the country to develop the science and technology sector in order to improve the non-oil system.

According to him, when there is development in the non-oil sector, less emphasis would be laid on crude oil as a means of revenue generation in the country.

"Whatever we want to do, we need to check and see if it would help the non-oil growth. If we remove oil then we can focus right. When oil is removed then we will be forced to shift attention to science and technology amongst other sectors," he said.

Dr Adekola, the Technical Assistant to the Permanent Secretary, Federal Ministry of Science and Technology, Dr. Abdulkarim Obaje also said at the occasion that the shift from crude oil dependency to other sectors of the economy would create more jobs for Nigerians.

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