Vice-President Kashim Shettima has unveiled Nigeria’s $200 billion energy transition opportunity to global investors, positioning the country as the natural hub for the African Continental Free Trade Area’s (AfCFTA) $3.4 trillion market.
Speaking at a Business Council for International Understanding (BCIU) roundtable in New York on the sidelines of the 80th UN General Assembly, Shettima highlighted Nigeria’s scale—236 million people, 44 natural resources, five tech unicorns, and 210 trillion cubic feet of gas reserves. He said recent reforms, including exchange rate unification, subsidy removal, and tax modernization, are boosting growth and investor confidence.
Fitch and Moody’s have both upgraded Nigeria’s ratings, while a new four-pillar incentives framework offers tax rebates, duty-free imports, SEZ concessions, and updated investment treaties. Shettima noted that agriculture and Special Agro-Industrial Zones are cutting losses and expanding exports, while the energy sector, spanning gas to renewables, offers transformative opportunities for investors seeking rapid returns.
