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

Former Nigerian Minister Lai Mohammed called for regulatory certainty, transparent policies, and competitive fiscal incentives to unlock energy investments in Nigeria. Speaking at the Oriental News Nigeria 2026 Conference, he said decarbonization is now an immediate priority and that carbon capture, cleaner fuels, and broad regulatory reforms are central to the country's energy transition. He identified financing as a major barrier and urged innovative models like blended finance, green bonds, and carbon markets. Other speakers at the conference echoed the need to move from policies to projects. Sahara Group's Kola Adeshina said carbon capture requires clear rules on carbon ownership, storage rights, and liability. A Lagos Business School professor warned that Nigeria must shape emerging climate reforms or be shaped by them. The Rural Electrification Agency stressed that decarbonization needs an integrated regulatory framework connecting energy, finance, and industry. The article highlights a critical moment for Nigeria's clean energy investment landscape.