has emphasized Nigeria’s need for substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population.President Tinubu made Nigeria’s position known yesterday when he received a delegation from Standard Chartered Bank, led by Group Chief Executive, Mr. Bill Winters, at the State House, Abuja. He called for a just energy transition that supports vulnerable communities across the nation.
‘’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 best use of great opportunities that exist in the sector. We do not want you to back away from fossil fuels. He disclosed that the Bank has indicated interest to finance key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, Port Harcourt-Maiduguri rail line rehabilitation, as well as the provision of $3 billion in innovative financing for the NLNG dividend initiative.
In his remarks, Mr. Winters lauded President Tinubu’s bold economic reforms, noting the international investment community’s recognition and support.