Nigeria Requires $25bn Investment To Achieve 4m Barrels Daily Oil Production

A reconstructed energy transition agenda and annual investment of about $25 billion would help address Nigeria’s energy woes and support the country’s efforts to realise 4 million barrels daily oil production.

Avuru stated that Nigeria will need about $25 billion of annual investment in the next ten years if it is committed to achieving crude oil output of 4 million barrels per day and 3 billion cubic feet per day of domestic gas production. He explained that the energy transition agenda is a lot more serious than an issue that has to do with carbon emissions in the country. To him, “Carbon emissions reduction has been the key factor that all the energy transition argument has been hinged on.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Drive investment to bridge Nigeria’s 195,400Mw energy deficits’ | The Nation NewspaperFor Nigerians to enjoy constant electricity supply, there is the need for more investments in the sector that will culminate in the country being able to
Source: TheNationNews - 🏆 6. / 69 Read more »

Nigeria’s Agric Investment Falls 83% To $10m In Q2Investments into the Nigerian agriculture sector declined by 83 per cent to $10.0 million in the second quarter of 2023, as against $57.41 million recorded in
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Stakeholders must drive investment to bridge Nigeria’s 195,400 MW energy deficits — AbdulThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »