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Nigeria attracted over $2 billion investment in renewable energy

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Mr Tinubu said natural gas is a transition fuel that will aid in the fundamental restructuring of the nation's economy.

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Mr Tinubu, represented by Vice President Kashim Shettima, said natural gas is a transition fuel that will aid in the fundamental restructuring of the nation’s economy. “Our goal is to attract more investment in the oil and gas industry and grow our oil production to 2.1 million barrels a day by December 2024. Furthermore, we will invest in our midstream and downstream infrastructure, tackle theft and hold to account developers to the highest environmental best standards,” he added.

“It should not be easier to transport natural gas from Nigeria to the far-east than to North Africa. We also acknowledge that at the core of all our decisions on harnessing the abundant natural resources of our dear continent is the safeguarding of the environment and local communities.

 

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