West Africa's Energy Market Could Reach $3 Trillion by 2035

Suleiman Yahyah, Chairman of Rosehill Group Limited Advisory Limited, stated that West Africa could build a cumulative energy market worth $3 trillion by 2035 if its 16 countries transition from separate national markets to a connected regional system. He made this assertion during his keynote presentation at the second West Africa Refined Fuel Market Conference held in Abuja, which was co-hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, S&P Global Commodity Insights, and the West Africa Regulators Forum.

Yahyah emphasized the need for interconnected systems, common product specifications, shared data standards, and a unified dispute resolution mechanism to accelerate the development of the energy market. He noted that the region has reached a critical point in its energy market evolution due to significant investments in refining and changes in global energy dynamics.

Yahyah argued that focusing on integrated market systems rather than isolated projects could expedite the correction of energy imbalances in the region.