Nigeria will be forced to ‘drink’ her crude oil unless economy is diversified - Ezekwesili

Nigeria will be forced to ‘drink’ her crude oil unless economy is diversified - Ezekwesili

- The former minister of education, Obiageli Ezekwesili, has called for the diversification of Nigeria's economy

- Ezekwesili said Nigeria may be forced to 'drink' her oil if actions are not taken to diversify economy away from oil

- She accused Nigerian engineers of contributing to the under development of Nigeria due to corruption

The former minister of education, Obiageli Ezekwesili, has said doom may befall Nigeria unless the economy is diversified from oil.

Ezekwesili said Nigeria may soon be forced to drink its oil should the continued grip on it continue.

Speaking at the 2017 civil engineering conference of the Nigerian Institution of Civil Engineers (NICE) in Abuja, the former minister warned that major oil producing countries have already gone into the business of diversification while Nigeria remains adamant.

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Ezekwesili who spoke on 'Fighting corruption in Nigeria: The role of engineering profession' accused Nigerian engineers of contributing to the corrupt practices that has stalled development in the country.

Citing an example, Ezekwesili said, Norway, one of the world biggest oil producers has succeeded in stashing $1 trillion of her oil money in sovereign wealth fund.

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Ezekwesili said: “Let me tell you something, Norway, one of the biggest oil producers has just stashed $1 trillion of her oil money in a sovereign wealth fund.

“I was in Norway recently, and 10 per cent of vehicles used there run on electric. Nigeria should ask herself these critical questions because very soon, Nigeria will drink her crude oil."

To buttress her point, Ezekwesili said the engineers are in the heart of public investment and must strive to maintain the supply of quality investment and governance.

She said: "As an engineer in government, what are the ethics of the profession, how are you upholding the systems of professionalism that are supposed to determine the value for money in every engineering process that you are responsible?”

“Are you trying to pretend that you are not part of government when we know that in governance, the class that has security of tenure is the technocratic class, and that is who you are. The failure of Nigeria to produce good outcomes will be squarely deposited on the heads of many of you here."

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NAIJ.com earlier reported that Ezekwesili had accused President Muhammadu Buhari of delivering a divisive Independence Day speech.

The former minister said the speech delivered by the president on Sunday, October 1, was 'divisive and uninspiring'.

She also said she wished President Buhari had given a leader's speech deployed for building and inspiring all.

How Nigerians celebrated the 57th Independence anniversary in Umuahia - on NAIJ.com TV

Source: Naij.com

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