KThe steady decline in the price of crude oil in the global market is spreading anxiety in Nigeria and other countries that derive the bulk of their revenue from oil. This is a legitimate concern for Nigerians because the current volatility in oil price may have far reaching negative impact on government\'s fiscal operations, currency exchange rate, capital flow, the stock market, foreign reserves, inflation and interest rate. In a nutshell, the falling oil prices portend grave danger for the nation\'s economy.
The urgent message from this development is that we need to diversify our economy and develop the capacity of the non-oil sector to generate much more revenue into the national till. As our contribution towards nation building and development, Newways Consulting and Centre for Public Service Productivity and Development have decided to rub mind together in order to tackle the issue and proffer lasting solution.