Vice President, Yemi Osinbajo, on Thursday stated that having an easy source of revenues denied Nigeria the opportunity to engage in the
critical thinking and prioritization that usually drives development.
Osinbajo spoke at the launching of the Standard Operating Procedures (SOP) and Port Services Support Portal (PSSP) for Nigerian Ports hosted by the Ministry of Transport in Abuja on Thursday with other top government and private sector functionaries including Transportation Minister Rotimi Amaechi in attendance.
He said the country must reduce the current dependence of the federal and the state governments on the ritual sharing of revenues from oil.
According to the Vice President, doing so would require alternative revenue sources and diversification of our economic structures in terms of the drivers of our economic activity and sources of foreign exchange.
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