Nigeria must diversify urgently to the rich and untapped mining sector to take cover from sliding oil prices triggered by U.S President Donald Trump’s trade war, experts say.
For Africa’s biggest oil producer, a slump in oil prices strains the national budget and foreign exchange earnings, putting the country at a risk of economic meltdown and a renewed cost-of-living crisis.
“Heavy reliance on oil and gas makes diversification urgent. A resilient mining sector leads to national economic security,” said Tunde Fagbemi, chairman of Dukia Go
