Nigeria, IEA Concretise Partnership, Sign Agreement On Security, Energy Policy
• Shettima hails pact as justification of Tinubu’s policy choices, gains of his economic reforms Deji Elumoye in Abuja Nigeria and the International Energy Agency (IEA) on Thursday signed an
Nigeria and the International Energy Agency (IEA) have signed an agreement to establish a Joint Work Programme aimed at strengthening their strategic partnership in energy policy and investment development across the value chain. This development, announced by Vice President Kashim Shettima at State House in Abuja, marks Nigeria's formal admission into the IEA as an Association Country.
Shettima highlighted that this milestone is a testament to the economic reforms of President Bola Tinubu's administration and the country's potential in leveraging its abundant energy resources. He stated that Nigeria's membership in the IEA underscores the country's strategic importance in the global energy landscape and the confidence the IEA has placed in Nigeria's commitment to international energy cooperation.
IEA Director-General Dr. Fatih Birol emphasized that the IEA is a group of governments that collaborate on various energy technologies, and Nigeria's admission is a significant achievement after meeting stringent criteria set by the organization. Nigerian Minister of State for Petroleum, Mr. Ekperikpe Ekpo, expressed gratitude for the IEA's support, stating that it will provide policy advice and expertise to help Nigeria navigate its energy sector challenges and contribute to global energy discussions.
The agreement also includes the development of data for energy policy and investment to drive economic growth and energy security in Nigeria.
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