. As a result we see the maturity of the basins. Playing and production capacity has remained static at about 2.5 million barrels per day.
The engine that will accelerate diversification of Nigeria's economy is oil revenue, and perhaps gas revenue in the future. This is what you can use to diversify the economy, if properly used. Unfortunately, that has not been so. Spending approximately a trillion Naira per year over the last 10 - 20 year, to subsidise petroleum product consumption, is not the best way to spend oil money.
The responsibility of the central government is to create an enabling environment. They are not doing that well because of provincialism.
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