Nigeria launches BOGA fund to drive economic diversification

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The federal government has launched the Nigeria Beyond Oil and Gas Alliance (BOGA) Fund Programme, a two-year initiative aimed at accelerating economic diversification and strengthening long-term resilience beyond the oil and gas sector.


The initiative is designed to assess risks and opportunities in Nigeria’s evolving energy landscape and to develop policy options that support structural economic transformation and climate priorities.


Speaking during the launch in Abuja, Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, underscored the need for a strategic approach to Nigeria’s diversification agenda, emphasising that the country must place greater value on
its unique strengths while leveraging the right technologies and skills to drive sustainable growth.

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