Nigeria has joined the International Energy Agency (IEA) as an associate member, marking a significant step toward increasing investment in its energy sector. The move is expected to help the country double its energy investment within five years, according to the IEA.
President Bola Tinubu highlighted the benefits of the partnership, emphasizing that Nigeria will gain access to the IEA’s expertise, resources, and global network. This collaboration aims to support Nigeria’s ambitions in developing its energy infrastructure and improving energy security.
The agreement is seen as a strategic move to address long-standing challenges in the country’s energy sector, including unreliable power supply and underdeveloped renewable energy sources. With the IEA’s support, Nigeria hopes to attract more foreign investment and accelerate the transition to cleaner energy solutions.
The partnership also underscores Nigeria’s growing role in regional and international energy discussions, positioning the country as a key player in Africa’s energy landscape.
