Nigeria is positioning itself as a key investment hub for Africa, unveiling a $200 billion energy transition opportunity to global investors, Vice President Kashim Shettima said on Monday.
Shettima made the announcement at a roundtable hosted by the Business Council for International Understanding (BCIU) on the sidelines of the 80th Session of the United Nations General Assembly in New York.
At the forum, he emphasized the importance of partnerships to harness the “multi-faceted, multi-billion-dollar investment opportunities” across Nigeria. “Partnerships are critical to maximise the full potential of these opportunities,” he said.
He also highlighted Nigeria’s sovereign ratings from agencies such as Fitch and Moody’s, noting that they position the country as a natural hub for the African Continental Free Trade Area’s (AfCFTA) \$3.4 trillion market.
Shettima further drew investors’ attention to the broader economic reforms under President Bola Ahmed Tinubu’s Renewed Hope Agenda, describing them as multi-billion-dollar “economic resets” aimed at revitalizing key sectors of the Nigerian economy.
“The reforms encapsulated in the Renewed Hope Agenda present significant investment openings for the private sector and international partners alike,” he added.
The Vice President’s presentation comes amid Nigeria’s ongoing efforts to attract foreign direct investment and accelerate the country’s energy transition, part of a broader strategy to stimulate economic growth and position Nigeria as a gateway to Africa’s largest trade bloc.