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Shettima Woos Global Investors with $200bn Energy Transition Opportunity at UNGA
Nigeria’s Vice President, Kashim Shettima, has presented the country’s $200 billion energy transition opportunity to global investors, urging for strategic partnerships to unlock the vast multi-sectoral investment potential across Africa’s largest economy.
Speaking at the Nigeria Investment Day 2025 in New York, organised by the Federal Ministry of Industry, Trade and Investment in collaboration with the Africa Finance Corporation, Shettima said Nigeria’s improving sovereign ratings from Fitch and Moody’s highlight its position as the natural hub for the African Continental Free Trade Area (AfCFTA), valued at $3.4 trillion.
“With Nigeria’s sovereign outlook showing resilience, our nation is primed to lead in unlocking Africa’s continental market. The opportunities in our energy transition alone exceed $200 billion, but these can only be fully maximised through partnerships,” Shettima told a gathering of investors and development finance leaders.
He stressed that the reforms under President Bola Tinubu’s Renewed Hope Agenda are driving a multi-billion-dollar reset of the Nigerian economy, positioning the country as a prime destination for investment across energy, infrastructure, technology, and manufacturing.
Themed “Risk, Reform, Return,” the investment forum held on the sidelines of the 80th United Nations General Assembly (UNGA) highlighted Nigeria’s efforts to balance reforms with investor confidence, while offering returns across emerging sectors.
Shettima’s pitch forms part of Nigeria’s broader engagement at the UNGA, where the government has sought to deepen international economic cooperation, attract foreign direct investment, and reposition the country as a gateway to Africa’s future growth.
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