What is the IEA's stated goal for energy investment in Nigeria over the next five years, and what does IEA Executive Director Birol identify as the most critical factor for achieving it?

The IEA's stated goal is to 'at least double' Nigeria's energy investment within five years. IEA Executive Director Birol identifies 'trust'—not oil, gas, or lithium—as 'the most scarce commodity' in today's global energy landscape, underscoring that rebuilding trust through transparent policy, reliable data, and concrete cooperation is essential to unlocking the capital needed to meet that investment target.

Why is energy data cooperation a central pillar of the IEA–Nigeria Joint Work Plan, and what specific data gaps does it aim to address?

Energy data cooperation is a central pillar because 'petroleum production, export and consumption data collection and reporting systems have long been considered inadequate', with investors and market participants repeatedly citing 'data quality and consistency issues'. The plan directly aims to remedy this shortfall by strengthening Nigeria's energy data infrastructure, thereby providing investors with 'reliable basis' for decision-making—especially in sectors like natural gas, electrification, clean cooking, energy efficiency, and renewables.

IEA Signs Joint Work Plan with Nigeria

Sep 8, 2026

The IEA and Nigeria signed a joint work plan aiming to double energy investment within five years, covering natural gas, renewables, and data transparency to attract capital.

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