Tinubu Advocates for Nigeria to Benefit from $120bn Hydrocarbon Resources

Former Governor Tinubu addressed the Africa Energy Week in Lagos, emphasizing that Africa is not reaping the benefits of its $120 billion hydrocarbon resources due to inadequate refinery capacity and distribution networks. He urged for a shift in focus towards making Nigeria a refinery hub to retain more oil exports within the continent.

The discussion also touched on the need for investments in refinery capacity expansion, with support for Dangote Refinery's plans to increase production. This move is seen as crucial for energy security and economic prosperity in Nigeria and Africa.