Vice President Kashim Shettima has urged global investors to take advantage of Nigeria’s multi-billion-dollar opportunities across energy, infrastructure, and minerals, stressing that reforms are transforming the country into Africa’s production hub.
Speaking at a roundtable hosted by the Business Council for International Understanding (BCIU) in New York, Shettima described Nigeria as an attractive destination for capital, with strong prospects in both traditional and renewable energy.
“With 210 trillion cubic feet of gas reserves and one of the highest solar irradiation levels in Africa, Nigeria offers a 200-billion-dollar energy transition opportunity,” he said.
He explained that fiscal incentives and VAT waivers are already de-risking investments in power assets, from gas-fired independent plants to off-grid solar and clean hydrogen pilots.
On infrastructure, the Vice President noted Nigeria faces a $1 billion annual gap in transport, ports, and power. However, he said projects are being financed through InfraCorp and the Nigeria Sovereign Investment Authority, blending sovereign and private capital to fund metro lines, dry ports, and industrial corridors—building the backbone of West African trade.
Shettima also pointed to Fitch and Moody’s improved outlook on Nigeria’s sovereign rating as proof of investor confidence in the administration’s reforms, including exchange rate liberalisation, tighter monetary policy, subsidy removal, and deficit control.
Highlighting mineral resources, the Vice President said Nigeria hosts 44 commercially viable minerals worth over $700 billion under a new security and beneficiation regime. He urged investors to secure early stakes in lithium, gold, bitumen, and rare earths—minerals critical to the global green transition.
“Nigeria is fast becoming Africa’s production floor and innovation lab, with AfCFTA corridors opening a multi-billion-dollar continental market,” he added.
