In a major shift in its position on the harnessing of fossil fuels by resource-rich African nations, like Nigeria, the US government at the weekend described the existing relations in the energy sector, driven by that country, as nonsensical, shameless and a relic of colonial attitude.
The new policy direction by the Donald Trump administration is a big relief for Nigeria, which is desperately in need of foreign funding to fully explore and exploit its natural resources that have largely been untapped due to insufficient financing.
ExxonMobil and Chevron, two of the biggest oil companies with massive operations in Nigeria, are American multinationals.
Speaking at the weekend in Washington DC, at the 10th edition of the annual “Powering Africa Summit,” US Energy Secretary, Chris Wright, a keynote speaker at the event, told African leaders that the Trump administration will not dictate to Africa how it intends to put its abundant resources to use.
