Nigeria, Feb. 26 -- On Tuesday, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mele Kyari, said Nigeria's target of achieving a $1 trillion economy is not ambitious enough.

Mr Kyari disclosed this at the opening ceremony of the 8th edition of the Nigeria International Energy Summit (NIES 2024) held in Abuja on Tuesday.

He explained that Nigeria is a major producer of petroleum products on the African continent, placing it in an advantageous position to grow its economy beyond the $1 trillion target.

"Oil will be here even by 2050, contributing to over 29 per cent of the global energy mix and increasing demand of at least 100 million barrels of oil, even by 2050. So oil and gas will be h...