NMGS Calls for Stronger Funding Push to Diversify Nigeria’s Economy from Oil

SEATTLE (Oil Monster): The Nigerian Mining and Geosciences Society (NMGS) has urged the Federal Government to move beyond policy rhetoric and commit substantial funding to non-oil sectors if Nigeria is to successfully diversify its revenue base away from crude oil.

Speaking at a press briefing in Uyo, Akwa Ibom State, NMGS National President, Mrs Rose C. Ndong, said years of discussions on economic diversification had produced limited results because financial commitments and implementation remained weak.

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Ndong noted that while the government has introduced reforms and budgetary restructuring, their impact has been minimal due to inadequate funding and poor execution. She emphasized that deliberate, sustained investments are essential to unlock growth and deliver tangible benefits to citizens.

The briefing also announced the 61st Annual International Conference and Exhibition (AICE) of NMGS, scheduled for March 22–27, 2026, in Uyo. Tagged “Uyo 2026,” the event will focus on optimizing efficiency, sustainability, and resilience in resource management and infrastructure development.

Ndong described the conference as a major African geoscience platform that will unite policymakers, industry leaders, academics, and investors to advance climate-resilient infrastructure, responsible resource management, and evidence-based policymaking for Nigeria’s sustainable development.