Expert urges decisive action as fossil fuel demand declinesFossils
By Emmanuel Oloniruha
A new research report has advised Nigeria to take decisive steps to diversify its economy as global demand for fossil fuels continues to decline.
The report, titled “Domestic Implications of Existing and Planned Oil and Gas Demand Reduction Strategies for Nigeria”, was authored by Dr Oluwasola Omoju.
Published on Tuesday by Climate Strategies and Salzburg Global, it warned that Nigeria faces urgent risks and untapped opportunities in the global energy transition.
Omoju said Nigeria’s heavy dependence on oil and gas revenues makes it highly vulnerable to global decarbonisation efforts.
He noted that in spite holding some of the world’s largest reserves, the country is already grappling with declining revenues, high production costs and limited refining ...



















