{
  "id": 8790055,
  "title": "NBCC Seeks Investable Energy Ecosystem to Drive Long-term Economic Transformation",
  "url": "https://urgent.news/2026/09/20/nbcc-seeks-investable-energy-ecosystem-to-drive-long-term-economic",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-20T22:49:58.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/20/nbcc-seeks-investable-energy-ecosystem-to-drive-long-term-economic-transformation/"
  },
  "original_language": "en",
  "account": "The Nigerian-British Chamber of Commerce (NBCC) is urging the formation of a robust, investment-friendly, innovative, and sustainable energy system to accelerate Nigeria's long-term economic growth. Speaking at the chamber's inaugural power summit, President Abimbola Olashore emphasized the pivotal role of energy in powering various aspects of a modern economy. He stated that reliable, affordable, and sustainable energy is crucial for fostering business expansion, investor attraction, industry competitiveness, and technological advancement. However, Olashore acknowledged that transforming Nigeria's energy potential into a dependable, cost-effective system remains a significant economic hurdle. The country boasts abundant energy resources, including natural gas, renewables, a burgeoning market, and a thriving entrepreneurial landscape. Yet, the challenge lies in converting these assets into a dependable and economical energy supply. For Nigerian businesses, especially manufacturers, small and medium enterprises, and energy-intensive industries, the cost and stability of power directly impact their operations, expansion, and competitiveness. Conversely, investors see these challenges as promising opportunities. The NBCC president argued that addressing the entire energy sector value chain, from generation and transmission to regulation and consumer engagement, is vital. Moreover, Olashore highlighted the importance of embracing innovation in this endeavor. He further noted that the power and energy domain presents a considerable chance for collaboration with the United Kingdom, which has extensive expertise in energy transition, renewable energy, infrastructure financing, energy efficiency, technology, and sustainable development. Nigeria, in turn, offers substantial investment prospects, innovation possibilities, and market development potential.",
  "summary": "Dike Onwuamaeze The President of Nigerian-British Chamber of Commerce (NBCC), Mr. Abimbola Olashore, has called for the building of “an efficient, investable, innovative and sustainable energy ecosystem that can support",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}