Nigeria's new government may reform the country's energy sector to limit the state's role in the production and sale of oil and gas.
According to Reuters, advisers to newly-elected Nigerian President Bola Tinubu recommended that the government reduce its stake in the state-run Nigerian National Petroleum Corporation (NNPC) to a minority position in order to raise $17 billion in revenue. The plan also proposes unifying Nigeria's multiple energy regulators into a single body, noting that "governance and regulatory concerns have eroded investor confidence, diverting private capital needed for the development of critical oil and gas infrastructure."
