Diversify Revenue Sources, Reduce Debts, Oil-Rich States Urged

Oil-producing states in Nigeria have been urged to take urgent steps to reduce their debt burden and diversify into non-oil revenue sources as a strategy for fiscal resilience given the energy transition.

The call was made by participants at a two-day regional dialogue focused on strengthening subnational fiscal resilience in the Niger Delta which concluded on Friday 22nd November in Uyo, Akwa Ibom State.