Oyedele said high financing costs, currency risks and limited access to long-term funding continue to constrain development across the continent, particularly in the energy sector. He argued that Africa’s energy transition should reflect its development needs and allow greater investment in electricity, natural gas and cleaner energy sources.
For Nigeria, the minister said the priority is to reduce poverty, expand economic opportunities and improve living standards, adding that stronger international cooperation and more suitable financing structures will be required to achieve those goals.
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Finance Minister Taiwo Oyedele has urged the international community to provide Africa with affordable, long-term capital for infrastructure and energy development. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called for greater access to affordable, long-term capital to help African countries finance infrastructure and energy projects. He made the call at the United...
Key takeaways
- Finance Minister Taiwo Oyedele has urged the international community to provide Africa with affordable, long-term capital for infrastructure and energy development.
- Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called for greater access to affordable, long-term capital to help African countries finance infrastructure and energy projects.
- He made the call at the United Nations Dialogue on Solutions to Climate Finance on the sidelines of the 81st United Nations General Assembly in New York.Oyedele said high financing costs, currency risks and limited access to long-term funding continue to constrain development across the continent, particularly in the energy sector.
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What is this story about?
Finance Minister Taiwo Oyedele has urged the international community to provide Africa with affordable, long-term capital for infrastructure and energy development. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called for greater access to affordable, long-term capital to help African countries finance infrastructure and energy projects. He made the call at the United...
Who published this story?
Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.
When was it published?
September 25, 2026
