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Nigeria clean energy partnership targets Africa, global allies, private investors
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Tinubu outlines gas transition,renewable expansion at Energy Summit in Abuja
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Energy reforms, $8bn investments, rig count surge cited as sector gains
President Bola Tinubu has declared Nigeria’s readiness to work with African countries, international partners and private investors to expand access to affordable, cleaner and more secure energy.
The President made the pledge while declaring open the 9th Nigeria International Energy Summit held at the State House Banquet Hall in Abuja, an event that drew senior government officials, global energy executives, development partners and community representatives from across the world.
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Represented by Vice President Kashim Shettima, Tinubu described energy as a strategic pillar that supports economic stability, social development and cooperation among nations.
He stressed that Nigeria’s energy vision is anchored on inclusiveness, sustainability and long-term security.
According to him, the country is prioritising the use of its vast natural gas resources as a transition fuel while steadily expanding renewable energy capacity to meet growing domestic and regional demand.
“Nigeria stands ready to collaborate with Africa, global partners and the private sector to deliver energy that is affordable, cleaner, reliable and inclusive,” the President stated.
Tinubu recalled that when his administration assumed office in 2023, the energy sector was burdened by inefficiencies, policy uncertainty and years of underinvestment.
He noted that his government moved swiftly to reposition the sector, recognising energy as a driver of national security, industrialisation and regional integration.
Highlighting progress made so far, the President said full implementation of the Petroleum Industry Act has strengthened regulatory clarity and boosted investor confidence.
He revealed that upstream oil and gas activities rebounded significantly, with active rig counts rising from single digits in 2021 to nearly 70 by late 2025.
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He added that the sector recorded Final Investment Decisions exceeding $8 billion, particularly in offshore gas projects involving international energy firms, while foreign direct investment into oil and gas improved on the back of fiscal and regulatory reforms.
Tinubu also said crude oil theft declined markedly due to improved security coordination, surveillance systems and stricter enforcement, helping to stabilise production levels and restore confidence in Nigeria’s supply reliability.
The President further noted that policy decisions such as fuel subsidy removal and foreign exchange liberalisation, though demanding national sacrifice, have strengthened the sector’s long-term viability and fiscal resilience.
Formally opening the summit, Tinubu urged participants to engage meaningfully, invest boldly and partner with Nigeria to unlock shared energy prosperity.
Speaking at the event, Gambian President Adama Barrow said Nigeria’s energy policies have far-reaching regional implications, stressing that collaboration remains key to Africa’s energy security.
Equatorial Guinea’s President, Teodoro Obiang Nguema Mbasogo, called on African nations to move beyond exporting raw resources and focus on value addition for future generations.
Senate President Godswill Akpabio, represented at the summit, assured that the National Assembly would continue to support energy reforms through legislative backing, while ministers and industry leaders echoed the need for sustained collaboration to secure Africa’s energy future.