Nigeria Moving Away from Sole Dependence on Oil - Tinubu
President Bola Tinubu has announced that Nigeria has significantly reduced its dependence on crude oil revenue, marking a significant step towards diversifying the country's economy.
Speaking at the fifth anniversary celebration of the Nigeria Gas Initiative, Tinubu was represented by Vice President Kashim Shettima. He emphasized that the nation has significantly decreased its reliance on oil revenue, stating that the country's energy plans will now center around gas.
Diversification Drive: Tinubu's Commitment
The President vowed to push the diversification drive further, aiming to reduce Nigeria's dependence on oil and boost the growth of other sectors such as agriculture, manufacturing, and technology.
Nigeria's Economic Growth Potential
By moving away from its sole reliance on oil, Nigeria has the potential to diversify its economy, fostering growth across various sectors.
Nigeria Gas Initiative
The Nigeria Gas Initiative was established to develop and promote the utilization of Nigeria's abundant gas resources, which has played a crucial role in the nation's efforts to reduce its dependence on oil.
Vice President Kashim Shettima
Vice President Kashim Shettima, representing President Bola Tinubu, emphasized the importance of the initiative in diversifying the country's economy and promoting sustainable development.
Nigeria's Gas Potential
Nigeria is endowed with vast gas resources, which has enabled the country to reduce its dependence on oil and explore other sectors for economic growth.
</body> </html><small>Source: Punch Nigeria — read the original story there.</small>