The shale boom is on course to make the U.S. the world's largest oil producer by 2017.Dependence on OPEC's crude is slipping as the U.S. and Canada unlock unconventional oil supplies from deep underground shale deposits with new drilling techniques- the fracking or hydraulic fracturing. The Nigerian economy with 80% dependency on crude is going to bear the drastic burden. Demand for the Nigerian oil is declining with sizable impact on the economy that solely depends on the mono-product. To contain the impact, agricultural production remains a vital sector to take the hold. The paper while describing the U.S. shale oil boom, explores the agricultural transformation and its subsequent contribution to the gross domestic product (GDP), as alternative to developing and sustaining the economy. It further outlined public and private investments in agricultural knowledge, science and technology, and effective decision-making as crucial steps for the nation's economic development in less demand of oil.
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