Green industrial vision complementary to oil, gas investment drive

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President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition. According to him, the country

President Bola Tinubu and Mr Bill Winters, Group Chief Executive of Standard Chartered Bank, during the meeting with the bank’s executives on Monday in Abuja

“We value your cooperation, friendship, and partnership. Substantially, we have oil and gas as our primary source of revenue today. “We know we can make best use of great opportunities that exist in the sector. We do not want you to back away from fossil fuels,” the President said. “As we hold the largest reserves in gas on the continent, we do not want to go backward, we want to move forward, and we welcome deepened partnership with your institution,” said Tinubu.

The Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, described Standard Chartered Bank as a valued partner to Nigeria, providing finance for infrastructure, advice on ratings, and the prudent management of Nigeria’s Eurobond. In his remarks, Winters lauded Presidential directive Tinubu’s bold economic reforms, noting the international investment community’s recognition and support.

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