Tinubu argued that Nigeria needs to increase its oil and gas production as well as improve its electricity generation and distribution
By Kehinde Okeowo
President Bola Tinubu on Friday admitted that it is a shame that Nigeria generates 4.5GW of electricity despite its size.
He made the admittance while inaugurating a 31-member Presidential Economic Coordination Council at the Council Chamber, Presidential Villa Abuja.
According to him, Nigeria must increase its oil and gas production as well as improve its electricity generation and distribution to improve.
He further emphasized the need for innovative solutions to the country’s economic challenges.
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Speaking at the event, Tinubu said, ‘’We have the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase electricity generation and distribution throughout the country.
“We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
‘’We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness.”