Power Minister woos foreign investors to Nigeria’s electricity sector

Nigeria's Minister of Power, Joseph Tegbe, recently made an appeal to foreign investors to contribute capital to the country's electricity sector during the Middle East Energy Summit in Dubai. Tegbe emphasized that Nigeria and the African continent are at the center of energy geopolitics. In a statement released by his Special Adviser, Adeola Labzy, Tegbe highlighted that Nigeria's power reforms serve as a blueprint for developing nations striving to enhance global energy security amid increasing geopolitical divisions.

He clarified that energy security in 2026 should not be solely determined by hydrocarbon reserves but rather by the resilience of the entire system, encompassing critical mineral supply chains, grid infrastructure, and the capital and institutions that ensure a steady supply of energy to homes, hospitals, and industries. Tegbe stated, "Capital does not flee risk; it flees uncertainty.

Investors will quantify risk day in and day out; what they cannot quantify is a rule that changes after the contract has been signed." He concluded his remarks by inviting investors to collaborate in building Nigeria's power sector, drawing inspiration from the summit's significance and the city of Dubai.