President Bola Tinubu has called on African nations to take charge of their energy resources by creating credible and transparent benchmarks that reflect the continent’s economic realities.
In a press release ahead of the Global Commodity Insights Conference on West African Refined Fuel Markets, set to begin this week in Abuja, President Tinubu emphasized the need for Africa to stop being a “price taker” and instead trade on its own terms to safeguard its economies.
He said Nigeria is working with regional partners to build an integrated energy market that promotes transparency, regulatory alignment, and economic independence.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority hosted two-day conference in collaboration with S&P Global Insights, will bring together stakeholders across Africa’s energy sector to discuss pricing, regulation, and investment strategies aimed at securing long-term value for the continent.