Abstract:

In contemporary discourse, it is evident that Nigeria’s once-thriving oil sector is insufficient for ensuring sustained economic growth. The previous belief that oil was the key to national prosperity has given way to a harsh reality: relying heavily on oil revenues cannot guarantee long-term stability and development. Several challenges, including price volatility, geopolitical tensions, technological advancements, and the call for environmental sustainability drive this shift. The susceptibility of oil-dependent economies like Nigeria’s to global market fluctuations emphasizes the necessity for diversification, highlighting the revival of the nation's original economic backbone – agriculture – as an increasingly imperative course of action.