The Federal Government has declared Nigeria’s readiness to support global energy stability amid rising geopolitical tensions in the Middle East, signalling the country’s intention to play a more active role in the global oil market.
The Minister of Information and National Orientation, Mohammed Idris, made this known in a statement issued on Saturday by his Special Assistant on Media, Rabiu Ibrahim.
Idris said Nigeria remains strategically positioned to contribute to global energy security at a time when uncertainty in key oil-producing regions continues to disrupt supply chains and drive up prices.
“Nigeria is ever ready to contribute to energy security around the world. Whatever Nigeria can do to ease tension, it will do. The world needs oil, and Nigeria is there,” Idris said.
His remarks come as ongoing tensions in the Middle East—home to some of the world’s largest oil reserves—raise concerns about supply shortages and increased volatility in global energy markets.
Speaking further, the Minister highlighted the significance of President Bola Ahmed Tinubu’s recent engagements abroad, particularly in the United Kingdom, describing them as crucial to strengthening diplomatic and economic ties.
“This visit underscores the historical relationship, the cultural ties, and the economic ties between Nigeria and the United Kingdom. We hope that we will deepen it further in the interest of both countries,” he said.
Idris also pointed to what he described as early gains from the administration’s economic reforms, including efforts to liberalise the foreign exchange market and remove fuel subsidies—policies which, though controversial domestically, have been praised by some international observers for improving investor confidence.
“With the reforms that President Bola Ahmed Tinubu has instituted, we have seen a significant uplift in the economy,” he said.
He reaffirmed the Federal Government’s commitment to sustaining the reform agenda, strengthening national security, and creating an enabling environment where Nigerians can live and work safely, while positioning the country as a dependable partner in global affairs.
Meanwhile, shifting dynamics in global energy supply chains are already reflecting Nigeria’s growing relevance. Industry reports indicate that several African countries, which traditionally relied on Persian Gulf refineries for refined petroleum products, are increasingly turning to the Dangote Refinery as an alternative source.
The development is seen as a potential game-changer for Nigeria’s downstream sector, with the Dangote Refinery’s capacity expected to not only meet domestic demand but also supply petroleum products across the continent, reducing Africa’s dependence on imports and enhancing regional energy security.
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