President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition.
According to him, the country still requires substantial investments in the oil and gas sector to meet its energy demands and economic needs.
“As friends, we do not expect you to run away from investments in this sector. We face the future prospect while prudently maximising the present. He said he had seen retractions and retreat positions by some players in the industry, but explained that for any energy transition to succeed, people must live and live well.
He reiterated his commitment to sustaining ongoing economic reforms and measures to stabilise the economy. He also said Moody’s positive outlook rating followed the recent announcement of the World Bank’s 2.25 billion dollars financing package for Nigeria, reflecting the positive trajectory of the current administration’s economic reforms.
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