Nigeria Has Reduced Reliance on Oil Revenue

Nigeria has reduced reliance on oil revenue

According to the president, his administration is reducing Nigeria’s dependence on crude revenue while expanding non-oil sectors and using gas to support power and industrial development.

Nigeria has witnessed massive drop in oil revenue reliance

—-Promises to pursue energy transition suited to the nation’s needs, expand gas supply for power, industry By Johnbosco Agbakwuru ABUJA — PRESIDENT Bola Tinubu has announced a massive drop in the nation’s reliance on crude revenues, signaling a decisive shift toward a diversified economy that his administration intends to push even further. He noted that, […]

Tinubu: Nigeria has witnessed massive drop in oil revenue reliance

President promises to pursue energy transition suited to the nation’s needs, expand gas supply for power, industry President Bola Ahmed Tinubu has announced a massive drop in the nation’s reliance on crude revenues, signaling a decisive shift toward a diversified economy that his administration intends to push even further. He noted that, driven by the …

Tinubu Sets Fresh Energy Investment Drive, Says Nigeria Will Go Beyond Oil Dependence — Akelicious

President Bola Tinubu has reaffirmed his administration’s determination to reposition Nigeria’s oil and gas sector as a catalyst for broader economic growth, insisting that the country must move beyond dependence on crude oil revenues. Tinubu said his administration’s Renewed Hope Agenda was already driving efforts to diversify the economy by expanding agriculture, manufacturing, digital technology […]

Nigeria Moving Away from Sole Dependence on Oil

President Bola Tinubu on Tuesday in Abuja said Nigeria has significantly reduced its dependence on crude oil revenue, as he vowed to push the diversification drive further while making gas the centrepiece of the country’s energy plans. Tinubu, who was represented by Vice President Kashim Shettima, made the remarks at the fifth anniversary of the […]

Tinubu: Nigeria Significantly Cuts Dependence On Oil Revenue

The Nigerian leader promised to "pursue an energy transition that is just and suited to Nigeria’s needs," declaring that this is the decade of Gas.