Nigeria clean energy investments need regulatory certainty and financing, ex-minister says

A former Nigerian minister has called for clearer regulations and dedicated financing to unlock clean energy investments in the country. Speaking at an energy forum, the ex-minister argued that investors are hesitant because policies keep shifting and funding mechanisms remain unclear. Without stable rules and accessible capital, Nigeria will struggle to attract the private sector money needed for solar, wind, and grid upgrades. The comments come as manufacturers in the South East region have shut down over rising energy costs, highlighting the urgency of cheaper and more reliable power. The ex-minister stressed that clean energy projects can lower costs and reduce emissions, but only if the government delivers consistent policies and creates financing vehicles that work for developers. The speech adds to growing pressure on Nigerian regulators to act on energy transition promises.