Professor Emeritus of Petroleum Economics, Prof. Wumi Iledare, has urged Nigeria to move beyond merely producing hydrocarbons and instead convert its oil wealth into lasting economic value. Speaking in Abuja, according to ThisDay Live, the foremost petroleum economist argued that the country must deliberately pursue strategies that translate its petroleum resources into broader, sustainable benefits for the economy rather than relying solely on crude production and exports.

Governor Seyi Makinde of Oyo State, presidential candidate of the Allied Peoples Movement (APM), has said Nigeria's crude oil must deliver measurable benefits to citizens. According to Tribune Online, Makinde made the remarks on Monday in Abuja during the commissioning of the APM National Campaign Office ahead of the 2027 presidential election. He also called for greater transparency across the country's oil sector, though further details of his statement were not fully provided in the report.

President Tinubu inaugurated a lithium plant in Nasarawa, emphasizing the need for Nigeria to advance beyond exporting raw minerals. He stated that the government aims to develop local industries, create jobs, and enhance the country's role in the global clean energy value chain.

Nigerian politician Makinde said the country's oil resources must deliver measurable benefits to citizens, arguing that Nigerians should not pay international-equivalent prices for crude supplied to local refineries when the resource is produced domestically. The remarks, reported by Channels Television, come amid discussions around the 2027 election period and ongoing debates over fuel pricing and local refining policy in Nigeria.

Energy expert Dan Kunle has recommended that President Bola Tinubu privatise Nigeria's four state-owned refineries. He argues that years of public investment in these facilities have not produced significant value and are a financial burden on the economy, according to Premium Times.

Aliko Dangote stated that enhancing private investment in Nigeria's fisheries value chain has the potential to create over 500,000 jobs, decrease imports, and increase exports. This initiative aims to save billions for the country.