Tinubu Vows Nigeria Will Retain Major Value from Africa’s $120bn Oil, Gas Investment
President Bola Ahmed Tinubu has declared Nigeria’s commitment to taking a leading role in ensuring Africa retains more value from its oil and gas resources. With Africa’s hydrocarbon sector representing an estimated $120 billion annual investment opportunity, Tinubu emphasized that the continent can no longer afford to export crude and import refined products at heavy costs. His message: it’s time for Africa — and Nigeria in particular — to keep the real value of its energy wealth within the continent.