West Africa needs regional energy market to unlock $3tn wealth — Expert

Suleiman Yahyah, Chairman of Rosehill Group Limited Advisory Limited, proposed a regional energy market for West Africa to unlock a $3tn cumulative potential by 2035. He argued that the region could benefit from interconnected systems, common product specifications, shared data standards, and a unified dispute resolution mechanism.

Yahyah made these proposals at the second West Africa Refined Fuel Market Conference in Abuja, which aimed to develop a transparent regional pricing system for refined petroleum products. West Africa currently struggles with energy poverty, with 45% of the population lacking access to electricity and 75% without access to clean power.

Yahyah suggested that the region should focus on developing market infrastructure and establishing strategic partnerships with global institutions rather than trying to recreate everything from scratch.