Nigeria joins IEA to boost energy sector collaboration
Nigeria has signed a new agreement with the International Energy Agency (IEA) to enhance cooperation in energy policy, investment, and security. Vice President Kashim Shettima highlighted the country's formal admission into the IEA as a major achievement, reflecting the impact of President Bola Tinubu's economic reforms. The partnership aims to leverage Nigeria’s vast energy resources and support its ambitions for economic growth. Officials from both sides emphasized the strategic importance of this collaboration for Nigeria’s energy future.
What we know
- Nigeria and the IEA signed an agreement for a Joint Work Programme to strengthen cooperation in energy policy, investment, economic growth, and security.
- Kashim Shettima described Nigeria’s admission into the IEA as a significant milestone and a testament to the administration’s reforms.
- Dr Fatih Birol of the IEA said the agency would support Nigeria with policy advice, data sharing, and training for Nigerian energy experts.
- The agreement involves the IEA’s technical team working with Nigeria to develop data for energy policy and investment across the value chain.
- Officials including Ekperikpe Ekpo, Sola Enikanoaiye, and Mustapha Abdullahi expressed optimism about the strengthened partnership and its benefits for Nigeria.
