Tonye Cole spoke to CNBC Africa on the impact of current Gulf tensions, including the UAE’s exit from OPEC and what this could mean for Nigeria’s oil and energy market.
He highlighted that, with the right policy framework, increased production, stronger refinery output and greater collaboration across Nigerian businesses, the country could position itself as a credible long-term investment destination and compete more effectively globally.
Key takeaways
- Gulf tensions highlight global energy market instability
- Nigeria has an opportunity to strengthen its investment profile
- Increased production and refining capacity are critical priorities
- Policy clarity and private sector coordination will be key to unlocking investment
Watch the full interview on CNBC Africa:
Source: CNBC Africa