The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s non-oil sector would generate 80% of the country’s revenue in the next three years.
According to the Head of Communications and Servicom Department, Mr Wahab Gbadamosi, Mr Tunde Fowler said so at the Nigeria-Canada Investment Summit where he explained the contributions of the non-oil sector to the Nigerian economy.
The FIRS boss disclosed that with increased fluctuations in the prices of oil, the attention is now on the non-oil sector which is more sustainable. Mr Fowler explained that the non-oil sector contribution to the Nigerian economy would increase from 54% in December 2018 to 60% in November this year.
“We are moving from oil-dependent to non-oil dependent economy. We believe that in the next three years, the non-oil sector is going to contribute at least 80 per cent of the total revenue.”