Unlocking oil wealth to achieve 7% growth

The federal government’s ambition to grow the economy by seven per cent in 2026 is a lofty one.
However, it faces a major test of significantly swelling crude production volume, protecting critical oil facilities and turning increased earnings into jobs, better incomes and improved living conditions for citizens.
Although the country has recorded some improvements in economic stability, the benefits are yet to fully reach many households and businesses. High living costs, expensive energy, limited access to affordable credit and pressure on household incomes remain major concerns.
Against this background, the oil and gas industry continues to occupy a central position in Nigeria’s ...