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Shettima Touts $200B Energy Transition Opportunity for Nigeria at UNGA
NEW YORK — Vice President Kashim Shettima on Friday told global investors that Nigeria holds a $200 billion opportunity in its energy transition program, urging international partners to seize the chance to work with Africa’s largest economy.....KINDLY READ THE FULL STORY HERE▶
Speaking at the 80th session of the United Nations General Assembly, Shettima said Nigeria is positioning itself as a key hub for investment in clean energy, trade, and economic growth. He stressed that partnerships with global businesses are critical to unlocking the country’s potential.
“This is not just an investment in Nigeria,” Shettima said. “It is an investment in Africa’s future.”
$200 Billion Transition Plan
The vice president highlighted Nigeria’s energy transition agenda, which seeks to shift from oil dependence toward cleaner and more sustainable sources of power. He estimated the plan could generate more than $200 billion in opportunities for investors in areas such as renewable energy, natural gas, technology, and infrastructure.
Nigeria, he said, is determined to balance economic growth with climate action. “We recognize the urgency of reducing carbon emissions, but we also see the opportunity to build industries that create jobs and drive development,” Shettima added.
Boost From Sovereign Ratings
Shettima pointed to Nigeria’s sovereign ratings by global agencies such as Fitch and Moody’s, saying they reflect confidence in the country’s financial position. These ratings, he argued, strengthen Nigeria’s case as a stable destination for long-term investment.
He also linked the opportunity to the African Continental Free Trade Area (AfCFTA), which brings together a $3.4 trillion market across the continent. According to Shettima, Nigeria’s size and location give it a natural advantage in leading trade within this new framework.
“With AfCFTA, Nigeria can serve as a gateway to African markets,” he said. “Investors here are not only investing in Nigeria, but gaining access to the entire continent.”
Economic Resets in Progress
The vice president described ongoing reforms at home as “multi-billion, multi-faceted economic resets.” He said the government of President Bola Tinubu has been working to stabilize the economy, attract capital, and remove barriers that have discouraged investment in the past.
Shettima noted steps such as currency reforms, subsidy removal, and efforts to increase private-sector participation in key industries. While some of these measures have faced criticism inside Nigeria, he told investors they are necessary to create a more open and competitive economy.
Call for Partnerships
Throughout his remarks, Shettima emphasized the role of partnerships. He urged international investors to view Nigeria not just as a place to trade, but as a country where they can work with local partners to build long-term value.
“We are not asking for aid. We are asking for collaboration,” he said. “Nigeria has the resources, the people, and the market. What we need are partners willing to join us in building a sustainable future.”
Nigeria’s Global Positioning
Nigeria has long relied on oil as its main source of revenue. But with global energy markets shifting and pressure mounting for cleaner solutions, the government is trying to diversify. The energy transition plan is a central part of that strategy.
Economists say success could not only lift Nigeria’s economy but also strengthen Africa’s role in global trade and climate action. By showcasing its ambitions at the UN General Assembly, Nigeria is aiming to assure investors that it is serious about reforms and ready for global cooperation.
Analysts also note that Nigeria faces challenges, including security concerns, infrastructure gaps, and regulatory hurdles. However, the government believes that international partnerships can help overcome these obstacles.
Next Steps
Shettima’s pitch in New York is part of a wider effort by Nigerian leaders to attract foreign direct investment. In recent months, delegations have visited Europe, Asia, and the Middle East to seek deals in energy, agriculture, technology, and infrastructure.
Whether investors respond will depend on how quickly Nigeria can demonstrate progress on reforms and provide a stable environment for business. Still, Shettima’s message at the UNGA was clear: the door is open, and the opportunities are large.
“Together, we can power a new chapter for Nigeria and for Africa,” he said.
The Federal Road Maintenance Agency (FERMA) has appealed to residents of Abia State and other road users along the Aba–Azumini highway to protect the newly completed road from activities that could damage it.....KINDLY READ THE FULL STORY HERE▶
FERMA’s South-East 2 Zonal Director, Suleiman Mohammed Omonowo, issued the warning during an inspection of the project, cautioning against the burning of tyres during celebrations, which he said could damage the road surface.
He noted that destructive practices by some youths and community members often contribute to the early failure of road projects across the country.
“Our advice to road users, especially indigenes, is to protect the road from destruction. Let nobody come and destroy it or burn tyres in the name of celebration,” he said.
Omonowo said the Aba–Azumini highway was previously in a very bad condition before FERMA intervened, describing it as a death trap for commuters and residents.
He also expressed satisfaction with the quality of work done on the project, adding that drainage structures such as catch pits would help prevent flooding and extend the lifespan of the road.
According to him, the highway serves as a major link between Aba, several Abia communities, and Cross River State, carrying heavy traffic daily.
He urged local construction firms to improve on quality delivery to compete effectively with foreign contractors.
Meanwhile, the Federal Roads Maintenance Engineer in Abia State, Festus Okafor, said FERMA workers have not faced harassment or violence from residents during operations in the state.
The Nigerian Correctional Service (NCS), Yobe State Command, has declared a 30-year-old inmate wanted after he escaped following a road accident involving a prison transport vehicle.....KINDLY READ THE FULL STORY HERE▶
The incident reportedly occurred on April 13, 2026, while inmates were being conveyed from the Medium Security Custodial Centre in Potiskum to Damaturu.
In a statement issued in Damaturu, the Command’s Public Relations Officer, DSC Abdullahi Adamu, said the vehicle conveying the inmates was involved in a crash during the journey.
He said the accident happened while efforts were ongoing to rescue those affected.
The escaped inmate was identified as Dahiru Mohammed, with prison number J/1539/24, who was admitted into custody on November 29, 2024.
The Correctional Service described him as dangerous and warned members of the public not to have any form of contact with him.
It urged residents to report any useful information that could lead to his re-arrest to the nearest security agency.
Authorities also cautioned that harbouring a fugitive is a criminal offence punishable under the law.
The Federal High Court sitting in Ibadan, Oyo State, has ordered the University of Ibadan (UI) to reinstate three students suspended over their participation in a protest against tuition fee hikes.....KINDLY READ THE FULL STORY HERE▶
Delivering judgment on Wednesday, Justice Nkeonye Maha set aside the decision of the university’s Central Student Disciplinary Committee, ruling that the students were denied fair hearing during the disciplinary process.
The court held that the failure to allow the students call witnesses and present evidence violated their constitutional right to fair hearing, rendering the sanctions against them invalid.
The affected students — Aduwo Ayodele, Mide Gbadegesin, and Nice Linus — were suspended on July 14, 2025, after taking part in a protest against increased school fees approved by the university’s governing council.
Dissatisfied with the suspension, they approached the court, arguing that the disciplinary proceedings breached their fundamental rights and due process.
They asked the court to quash the suspension, reinstate their studentship, and award damages for alleged rights violations.
In her ruling, Justice Maha agreed with their arguments, stating that the university’s actions failed to meet the standards of natural justice.
Following the judgment, rights group CAPPA hailed the decision, urging the university to comply fully, reinstate the students, and issue an apology.
The group said the ruling reinforces constitutional protections for freedom of expression and serves as a warning against the suppression of student protests in tertiary institutions.
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