COP31: Experts urge NNPC to balance oil revenue, energy transition

Experts attending the COP31 conference in Antalya, Türkiye, have urged the Nigerian National Petroleum Company Limited (NNPCL) to balance its commercial interests with Nigeria's long-term economic priorities as the world transitions towards cleaner energy sources. Energy experts and researchers warned that decisions on expanding oil and gas investments, diversifying into renewables, or gradually withdrawing from fossil fuels could have significant implications on government revenue, employment, energy security, and the wider economy.

The session, titled 'The Role of NNPC in Nigeria’s Energy Transition,' was organized by the Centre for Petroleum, Energy Economics and Law, University of Ibadan; the Centre for Energy, Finance and Development; and the Inclusive and Sustainable Development Research Centre, and moderated by Tengi George-Ikoli.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.