Although the subsidy was fully removed on October 1, 2024, NNPCL did not start transferring the resulting revenue gains to the Federation until January 2025.
Adapting to climate change is expected to cost between 30 and 50 billion US dollars a year over the next decade, equating to 2-3% of Africa’s GDP.
The minister emphasised the government’s commitment to delivering sustainable and dependable energy to key national institutions.
The summit gave decision-makers a chance to discuss and delve into changes in demand, supply and trade of major fuels.