Prepare for economy without oil, Akande warns FG

A former Governor of Osun State, Chief Bisi Akande, has urged the Federal Government to explore other sources of revenue, warning that the income from crude oil will further decrease, especially with the United States and other buyers converting to electric-powered vehicles.

Akande, who gave the warning in an address on Friday in Osogbo at a conference on the second anniversary of the South-West in national governance, stressed that Nigeria needed to look beyond oil.

He said the era of waiting for proceeds from crude oil from Abuja was gradually coming to an end. Apart from shifting focus away from crude oil, Akande said Nigeria must cut waste, stressing that the nation could no longer afford to waste dwindling resources on unprofitable things.

UCJ, UNILORIN.