President (Asíwájú) Bọ́lá Ahmed Tinúbú – GCFR has announced that his government has not depended on the Nigerian National Petroleum Corporation Limited (NNPCL) for the past three months.
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Speaking during a press conference on Monday, Tinúbú emphasized that this shift marks a significant step towards economic independence and sustainability.
Tinúbú stated, “For the past three months, our government has not relied on NNPCL for our financial needs. This is a testament to our commitment to diversifying our economy and reducing our dependence on oil revenue.”
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The President highlighted that this move is part of a broader strategy to strengthen Nigeria’s economic resilience and promote sustainable development. He noted that the government has been exploring alternative revenue sources and implementing policies to boost non-oil sectors.
“We are focused on creating a more balanced and diversified economy. Our efforts are aimed at ensuring long-term stability and growth for Nigeria,” Tinúbú added.
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The announcement comes amid ongoing efforts by the Tinúbú administration to address economic challenges and improve the country’s financial health.
The President’s commitment to reducing reliance on oil revenue is seen as a crucial step in achieving these goals.
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