Nigeria could double investment in its energy sector within five years as its new associate membership of the International Energy Agency (IEA) gives the country greater access to global investors, technical expertise and a stronger voice in global energy policy.
Fatih Birol, executive director of the Paris-based agency, said on Thursday during a visit to Abuja that the IEA would use its global network of governments, energy companies and investors to help Nigeria unlock capital for oil, gas, power and solar projects.
“My goal is, in a very short period of time, in five years, at least doubling the energy investments Nigeria is receiving today,” Birol told BusinessDay.
He said the agency’s support would extend beyond its new relationship with Nigeria, with the IEA working directly with the government to identify investment opportunities, provide policy advice, build technical capacity and connect Nigeria with investors through its international network.
“We are
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