Power Minister woos foreign investors to Nigeria’s electricity sector

Nigeria’s Minister of Power, Joseph Tegbe, on Tuesday wooed investors to put their capital into Nigeria’s power sector.

Tegbe made the appeal in his remarks at the Middle East Energy Summit in Dubai, United Arab Emirates.

According to him, Nigeria and the African continent are at the fulcrum of energy geopolitics.

In a statement by his Special Adviser, Adeola Labzy, Tegbe said Nigeria’s power reforms offer a model for how developing economies can strengthen global energy security amid rising geopolitical fragmentation.

Tegbe said energy security in 2026 can no longer be defined by hydrocarbon reserves alone.

He described it instead as the resilience of an entire system, from critical mineral supply chains and grid infrastructure to the capital and institutions that keep energy flowing to homes, hospitals and industries under stress.

“Capital does not flee risk; it flees uncertainty. Investors will price risk all day long; what they cannot price is a rule that changes after the contract is signed,” the minister said.

He added, “Nigeria has chosen to build. Africa has chosen to build. And we invite you, in the spirit of this remarkable city and this landmark fiftieth summit, to build with us.”