'It is crude thinking to continue to talk and base development projections on crude oil'- Atiku

Former Vice President, Atiku Abubakar, at the formal public presentation of Daily Stream in Abuja, Thursday, advised Nigerians to stop being dependent on crude oil for the country's national development. He said it was “crude thinking” to continue to rely on crude oil, urging the country to curtail wastages, diversify the economy and return to true fiscal federalism. He said:

“Those who believe in what I call ‘the infinite’ nature of oil believe that we cannot do without it. We have done without it before and today, we have gone past the peak, really of oil, because the world as of today, is investing in more alternative forms of energy than buying petrol or crude oil.

‘’So, if you are still talking about oil, you are in the past. As far as I am concerned, the era of oil is gone. If you want to believe it, believe it. If you do not want to believe it, you will see it. It is crude thinking to continue to talk and base development projections on crude oil,” he said.

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