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Nigeria’s economic diversification not yet visible

WITH the groundnut pyramid in the North, palm oil and kennel in the East and South East and cocoa in the South-West before the discovery of petroleum in Nigeria, there were indications that the nation was heading towards becoming a great economic giant in Africa for some reasons. First, the nation was and is still richly endowed with many oil and non-oil resources. Second, the major stakeholders, especially indigenes and trading companies were committed. Third, the regional administrations also provided the enabling environment for operations.

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