Nigeria Faces Fiscal Vulnerabilities from Declining Fossil Revenues, NAEE Conference Reveals

At the NAEE conference in Abuja, Dr. Hassan Mahmud warned of fiscal vulnerabilities in Nigeria and similar nations due to decreasing fossil revenues amidst global energy sector shifts.

He stressed the importance of domestic policies and institutional preparedness to tackle challenges like energy poverty, rising green technology costs, and the need for a coherent energy strategy. Prof.

Yinka Omorogbe highlighted Africa's energy access issues, describing Nigeria's oil downstream sector as problematic. The conference also featured discussions on leveraging sovereign funds, developing green energy infrastructure, and enhancing regional energy cooperation.