Nigeria Launches Alliance for Economic Diversification

The Nigerian government, through the Nigerian Council on Climate Change (NCCC) and in partnership with the Africa Policy Research Institute (APRI), has unveiled the Beyond Oil and Gas Alliance aimed at driving economic diversification beyond oil and gas. The initiative was launched at an event where Atiku Bagudu, the Minister of Budget and Economic Planning, emphasized the need for Nigeria to pursue diversification in a manner that is environmentally responsible and technology-driven.

He highlighted the importance of leveraging the country's unique strengths to create jobs and achieve sustainable economic growth. Omotenioy Majekodunmi, Director General of NCCC, described the initiative as a critical step in Nigeria's transition away from oil dependency.

Sian Bradlei, head of the alliance secretariat, reiterated the commitment to support Nigeria in its early-stage plans for an orderly and equitable transition away from oil and gas. The program aims to implement broader decarbonization efforts and reduce methane emissions in the upstream sector.