Neither these nor other industries could
match oil refining in terms of investment size, value - add, export earnings or value of manufacturing output,» Ng said.
Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing
refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude
oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not
match the outcomes!