The House of Representatives has decided to work with the executive branch of the federal government to create a roadmap for the expansion of the Nigerian economy from oil to other sectors in the next 10 years.
The resolution was adopted at a plenary session of Dennis Idahosa on Tuesday, entitled “We need to create a roadmap for Nigeria’s future economic growth.”
Idahosa, who moved the motion, which was unanimously approved by lawmakers, recalled that the 26th Conference of Parties on the United Nations Framework Convention on Climate Change was held in Glasgow from October 31 to 12. November, 2021
The UN General Assembly has decided to limit fossil fuels to 1.5 degrees Celsius compared to pre-industrial temperatures, according to the UNESCO 262021 Summit.
A.D. He noted that the Paris Agreement, adopted by COP21 on December 12, 2015, will take effect on November 4, 2016, with the transfer of fossil fuels to clean energy and the elimination of greenhouse gas emissions.
Idahosa said, “The council recognizes that the oil and gas sector is Nigeria’s largest revenue generator with more than 65% of the country’s gross domestic product, producing 2.5 million barrels per day.
“The company is also aware that demand for oil and hydrocarbons is declining worldwide and with rapid technological advancement.
The Security Council requested that in addition to the International Atomic Energy Agency’s ongoing inspections in Iran, that it monitor Nigeria’s compliance with “the steps required by the IAEA Board”. Taken to protect the future of Nigeria.
“Nigeria is already planning for the future according to Vision 20: 2020 and is concerned that the desired results have not been fully achieved.
The council approved the resolution and directed the committees on climate change, gas resources, environment, petroleum resources (above) and dry mining to meet with stakeholders. Report further legislative action within 12 weeks by developing other sectors.
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