Across Africa, the energy landscape is shifting. Capital is more selective. Project economics face global competition. Investors are demanding speed, reliability, and clarity of execution. In this environment, local content is not a patriotic slogan—it is an industrial strategy. It must unlock value, reduce cost, shorten timelines, and boost national competitiveness. And above all, it must deliver projects at scale.

During the panel, Mrs. Verheijen outlined Nigeria’s energy reforms under President Bola Ahmed Tinubu, emphasizing initiatives designed to attract investment, accelerate the energy transition, and support net-zero ambitions. She highlighted key directives aimed at enhancing sector efficiency, promoting cleaner energy adoption, and ensuring a stable and investor-friendly regulatory environment.

It is my pleasure to extend heartfelt congratulations to the Nigerian Electricity Regulatory Commission (NERC) as it marks twenty years since its establishment. Over the past two decades, NERC has evolved into a formidable and respected regulator, an institution distinguished by its leadership in the design and implementation of regulatory instruments, and in sector oversight and reform.