FG Reaffirms Commitment to Positioning Nigeria as Global Energy Power House

FG Reaffirms Commitment to Positioning Nigeria as Global Energy Power House

JOEL OLADELE, Abuja 

The Federal Government has reaffirmed its commitment to driving reforms and milestones in Nigeria’s energy sector, positioning the country as a global leader in energy transformation.

President Bola Ahmed Tinubu made this known at the opening ceremony of the 8th edition of the Nigeria International Energy Summit (NIES 2025), held Abuja.

The President highlighted the significant progress made in the energy sector, including the operationalization of local refining, the selection of Nigeria as the host country for the Headquarters of the African Energy Bank (AEB), and the enactment and implementation of the Petroleum Industry Act (PIA).

The President who was represented at the event by the Minister of State Finance, Dr Doris Uzoka-Anite, emphasized the importance of sustainable energy development, noting that his administration has taken decisive steps to create an enabling environment for investors, including fiscal incentives, streamlined regulatory processes, and robust public-private partnerships.

“We recognize that sustainable energy development requires significant investment,” President Tinubu said. He added that his administration “is committed to fostering an energy ecosystem that is resilient, diversified, and inclusive.”

The President also highlighted key areas of investment in the energy sector, including oil and gas exploration and production, renewable energy, domestic refining and petrochemicals, power generation and transmission, hydrogen, and critical energy minerals.

As the President declared open the 8th edition of the Nigeria International Energy Summit (NIES 2025), he reaffirmed his administration’s commitment to bridging continents, strengthening investments, and positioning Nigeria as a global leader in energy transformation.