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    The Nation: Energy Sector Leads Wealth Creation, Industrialisation - Nigeria

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The Nation: Nigeria's energy sector, despite challenges it has faced, remains the country's most profitable industry and most conducive to industrialisation,

by: Erica Mills

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Press Notes, Africa

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The Nation: Energy Sector Leads Wealth Creation, Industrialisation - Nigeria

Despite the challenges facing the energy sector over the past decades, it still remains the nation’s cash cow, holding the key to unlocking the potentials that will make the country attain its aspiration of becoming one of the world’s 20 industrialised economies, writes EMEKA UGWUANYI.

Nigeria has made tremendous progress in the energy sector over the past 55 years despite the challenges in the sector. Starting from a production of 5,100 barrels of oil per day (bpd) in 1958, its current production stands at over two million bpd. Nigeria still leads in hydrocarbon development and remains the oil and gas hub in the Gulf of Guinea.

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