Nigeria, Oct. 16 -- A professor of Energy and Environmental Economics at Pan-Atlantic University, Ekundayo Mesagan, has urged Nigeria and other oil-producing countries to transform their fossil fuel wealth into sustainable energy systems amid growing global pressure to reduce greenhouse gas emissions.

Mr Mesagan said such countries could channel fossil fuel revenues into financing renewable energy, developing green infrastructure, and adopting cleaner technologies instead of relying heavily on oil and gas for economic growth.

He made the recommendation during his inaugural lecture titled "Making Lemonade from Lemons: The Fossil Energy and Sustainability Puzzle" on 9 October, noting that oil-producing countries face the challenge of bala...