Nigeria and the International Energy Agency (IEA) have signed a joint work programme to enhance energy data development for policymaking and investment. The agreement, signed in Abuja, marks Nigeria’s formal admission as an IEA associate country. Vice President Kashim Shettima highlighted the milestone as a key step in advancing the nation’s energy strategy. The collaboration aims to improve data collection and analysis to support sustainable energy planning and attract foreign investment.
The IEA partnership will provide Nigeria with access to global energy expertise and resources, helping to address challenges in power generation and distribution. This comes as the country continues to expand its energy infrastructure, including large-scale data centres. Meanwhile, private sector investments in healthcare and technology are also gaining momentum, reflecting broader economic reforms.
In the ride-hailing sector, local companies like Bolt and inDrive are capitalizing on Uber’s exit, aiming to capture market share. Meanwhile, Vertiv has secured a $2.6 billion deal to supply AI-powered technology for Airtel Africa’s upcoming 42MW data centre in Nigeria. These developments underscore the country’s growing role in regional and global economic initiatives.
