Global energy giant Shell has identified Nigeria’s growing energy shortfall as a $200 billion investment opportunity, saying the country’s demand for reliable power and cleaner energy sources could reshape its economic future.
Speaking at an industry forum in Abuja on Thursday, Shell executives noted that despite Nigeria’s vast natural resources, energy access remains one of its biggest development challenges, with millions of households and businesses depending on expensive alternatives such as diesel generators.
“Closing this energy gap requires massive investment and innovative partnerships,” a Shell representative stated. “We estimate that the opportunities in Nigeria’s energy sector, particularly in gas, renewables, and infrastructure, are worth over $200 billion.”
Shell emphasized that Nigeria’s abundant gas reserves, if properly harnessed, could drive industrial growth, boost electricity generation, and support the transition to cleaner fuels.
Industry experts at the event agreed that the country must urgently address regulatory bottlenecks, policy inconsistencies, and infrastructure deficits to attract the scale of investments needed.
They stressed that without bold reforms, Nigeria risks missing out on the global push for energy transition and the economic benefits of a diversified energy mix.
Shell, which has operated in Nigeria for more than six decades, reiterated its commitment to supporting projects that expand energy access while advancing sustainability goals.
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