The Nigerian federal government has officially launched the Nigeria Beyond Oil and Gas Alliance (BOGA) program, an initiative of two years aimed at accelerating the country's economic diversification and strengthening its long-term resilience beyond the oil and gas sector.

The Nigeria Beyond Oil and Gas Alliance program aims to: analyze the risks and opportunities associated with the rapidly changing landscape national and global energy. It also intends to formulate options for public policies capable of supporting a structural transformation of the Nigerian economy, while integrating the country's climate priorities.

During the launch ceremony in Abuja, the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, insisted on the need to adopt a strategic and coherent approach to diversification. According to him, Nigeria must better value its assets comparisons — whether human, natural or technological — in order to build a sustainable growth model.

“Nigeria needs to give more importance to its assets. unique while exploiting the right technologies and skills to stimulate sustainable growth,” he said.

The minister also emphasized that any strategy of credible diversification must include a strong climate dimension. For In Abuja, the challenge is twofold: to reduce dependence on hydrocarbons while building an economy that is less exposed to external shocks and more creative of jobs.

“Nigeria can develop its economy in a way that reduce its environmental impact, strengthen its resilience and create opportunities for its people,” Bagudu added.

In the same vein, Majekodunmi said that the transition Excluding oil should not be interpreted as a weakening of status. energy in the country. “Nigeria's transition away from oil does not mean a decline in our status as an energy power, but an evolution towards a green energy giant,” she said.

She felt that the collaboration with BOGA translated Nigeria's commitment to international climate goals and of a development model based on equity, access to finance and shared prosperity.