Tinubu Says Nigeria Is Reducing Reliance on Oil Revenue

What changed

President Bola Tinubu says Nigeria is reducing its dependence on crude-oil revenue. His administration says it is expanding non-oil sectors and using gas to support power generation and industrial development, according to remarks published on 6 October 2026.

Why it matters

This points to a change in how the government says Nigeria should build growth: less reliance on crude income, more emphasis on activity outside oil, with gas serving as a bridge into power and industry.

The important question is execution. No numerical target, sector data or implementation results were provided, so the claim is a direction of travel rather than a measurable outcome. The shift will matter only if non-oil sectors expand in practice and gas-backed power and industry deliver more than policy language.