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Nigeria’s gas resources to power new industries – Tinubu – EnviroNews
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President Bola Tinubu says his administration will leverage Nigeria’s gas resources to power new industries as part of efforts to drive industrial growth and create jobs.
Tinubu stated this in his Independence Day address to the nation on Thursday, October 1, 2026, to mark Nigeria’s 66th independence.
The president said jobs, enterprise and industrial growth were at the heart of the administration’s policies as it sought to translate Nigeria’s resources into greater economic opportunities.
“We will use our gas to power new industries,” he said.
Tinubu said the government would support businesses working to bring factories back to life in the country’s industrial centres.
He said the administration would also provide Nigerian businesses with the infrastructure and finance required to expand their operations.
According to him, the measures are aimed at ensuring that Nigeria’s large young population becomes an engine of production rather than a source of economic hardship.
The president said Nigeria’s economic growth had entered a renewed period of stability, with both the oil and non-oil sectors contributing to the growth.
“Three and a half years later, the evidence that Nigeria’s economic outlook has improved is undeniable. Our economy has grown by more than four per cent this year.
“Both oil and non-oil sectors have contributed to the renewed period of stable growth,” he said.
Tinubu also said oil theft had declined, while the country’s foreign reserves had been rebuilt and the foreign exchange market stabilised.
He said the government’s economic reforms had strengthened Nigeria’s economic stability and resilience.
The president said the administration’s broader focus was to move the country from the period of economic reforms into an era of prosperity.
He said using gas to power industries would complement efforts to revive manufacturing and expand productive activities across the country.
Tinubu said the government would continue to invest in infrastructure and skills while supporting Nigerian businesses to grow.
“I want to see more Nigerians making things. I want to see more Nigerian farms feeding our cities and supplying our factories.
“I want to see Nigerian businesses selling Nigerian goods to the whole world,” he said.
The president said the government’s policies were aimed at creating productive opportunities for Nigerians and building an economy capable of delivering sustained growth.
He said the administration would continue to pursue measures that would enable Nigeria to fully harness its abundant resources for national development.
By Emmanuella Anokam
