Mkpoikana Udoma
Port Harcourt — Nigeria is seeking to position itself as a major alternative energy investment destination as rising geopolitical tensions involving Iran reshape global energy supply considerations and investor focus.
Speaking during engagements with global investors in Paris, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the evolving global situation presents fresh opportunities for Nigeria to attract energy investments and strengthen its economic ambitions.
“The situation in Iran presents new opportunities for us as the world looks to diversify sources of energy and invest in new markets,” Oyedele stated.
The minister said Nigeria was determined to leverage the changing global energy landscape to attract capital inflows into its oil, gas, and broader industrial sectors.
He also reaffirmed the Federal Government’s commitment to sustaining market-driven reforms, insisting that fuel subsidy and price controls would not return despite public pressure and economic hardship.
“We will not bring back fuel subsidy because it creates distortions for the economy, and we won’t introduce price control because we believe in the market,” he said.
According to Oyedele, Nigeria’s economic reforms are already yielding measurable results, citing what he described as strong economic growth in 2025.
“Nigeria recorded a strong GDP growth rate of 11.2% in US dollar terms in 2025 reinforcing the country’s ambition to achieve a $1 trillion economy by 2030,” he added.
The comments come amid renewed global concerns over energy supply security and increasing competition among emerging economies seeking to attract investments diverted from volatile regions.
Nigeria has recently intensified efforts to market itself as a stable energy investment destination through fiscal reforms, foreign exchange liberalisation, and increased engagement with global investors and multilateral institutions.
SweetCrude Reports noted that the country’s vast gas reserves, expanding upstream opportunities, and strategic position within Africa could place it among key beneficiaries of shifting global energy investment flows if policy consistency is maintained.
This article was originally posted at sweetcrudereports.com
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