President Bola Ahmed Tinubu has reiterated the commitment of his administration to sustain ongoing economic reforms and measures to stabilize the country’s economy.
He also said Nigeria remains committed to a balanced approach to energy transition as the country still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its people.
Speaking at a meeting with the Group Chief Executive of Standard Chartered Bank, Mr. Bill Winters, in Abuja on Monday, the president called for a just energy transition that supports vulnerable communities across the nation.
The president said Nigeria has oil and gas as its primary source of revenue, adding “As friends, we do not expect you to run away from investments in this sector. We face the future while prudently maximizing the present.
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“Green industry and energy, yes. We will surely catch up with that. To run a marathon, you need energy today. Nigeria holds the largest reserves of gas in Africa. We know we can make the best use of the great opportunities that exist in the sector. We do not want you to back away from fossil fuels.
In his remarks, Mr. Winters lauded President Tinubu’s bold economic reforms, noting the international investment community’s recognition and support.
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