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The Nigerian-British Chamber of Commerce (NBCC) has described the energy sector as a critical pillar of economic cooperation between Nigeria and the United Kingdom, highlighting its role in driving investment, technology transfer, skills development and economic growth.
Speaking at the NBCC Energy Day 2026 with the theme, “Energy in Nigeria: From Potential to Reality,” President and Chairman of Council of the Chamber, Prince Abimbola Olashore, said British and Nigerian businesses have maintained strong partnerships across the oil and gas value chain for decades. He noted that the relationship is evolving to create new opportunities in gas infrastructure, renewable energy, energy transition, financing and innovation.
Olashore said Nigeria possesses enormous energy resources, including vast oil and gas reserves and significant renewable energy potential capable of powering homes, businesses and industries. According to him, recent reforms such as the implementation of the Petroleum Industry Act, ongoing power sector improvements and growing investments in gas and renewable energy projects have strengthened Nigeria’s position as a strategic energy destination. He stressed that sustained collaboration among government, investors, development partners and industry players is essential to translating the country’s energy potential into economic growth and shared prosperity.
Chairman of the NBCC Energy Group, Taaj Shobayo, said the future of Nigeria’s energy sector depends on bold leadership, sound policies, strategic investments and innovation. He urged stakeholders to move beyond discussions and focus on practical actions that will improve energy availability, attract investment, create jobs and enhance the quality of life for Nigerians.
Also speaking, Special Adviser to the President on Energy, Mrs Olu Verheijen, said Nigeria’s challenge has never been a lack of resources but the ability to convert those resources into tangible results. She noted that the Tinubu administration is focused on transforming the sector from promise to performance by strengthening energy production, improving power supply and boosting investor confidence. Verheijen added that the United Kingdom’s strengths in finance, engineering, legal expertise and institutional capital complement Nigeria’s resources, talent and market opportunities, creating a strong foundation for mutually beneficial partnerships.
Managing Director and Chief Executive Officer of Aradel Holdings and Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, called for accelerated energy production, expanded gas development and improved power supply to drive economic growth. He said indigenous energy producers have become central to Nigeria’s energy future and urged stakeholders to prioritise project implementation over policy discussions. Falade maintained that gas should serve as a catalyst for industrialisation, manufacturing growth, agricultural development and improved living standards, while stronger Nigeria-UK partnerships would help unlock investment, technology and innovation needed to transform the sector.
