US-Iran-Israeli War: Expert tasks Tinubu on proactive measures to prevent energy crisis in Nigeria
Development expert Michael Ale urged President Bola Tinubu to take immediate proactive steps to shield Nigeria from a looming energy crisis triggered by the ongoing war involving the United States,
- By Segun Showunmi, Ibadan
Development expert Michael Ale urged President Bola Tinubu to take immediate proactive steps to shield Nigeria from a looming energy crisis triggered by the ongoing war involving the United States, Israel, and Iran.
Ale warned that the escalating conflict around the Strait of Hormuz, a critical global oil transit route, poses serious risks to Nigeria’s energy stability and broader economy.
Global oil markets have already reacted sharply, with prices surging above $100 per barrel as supply disruptions intensify due to restricted tanker movement through the strait. The situation could worsen if the conflict drags on, with far-reaching consequences for countries dependent on imported refined petroleum products.
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Ale lamented in a statement that despite Nigeria’s status as an oil-producing nation, the country remains highly vulnerable due to its reliance on imported fuel.
He cautioned that rising crude prices could translate into higher domestic pump prices, increased transportation costs, and inflationary pressure across key sectors.
He said, "The danger is not just global, it is local. Without proactive measures, Nigeria could face an energy crisis that will affect livelihoods, food systems, and economic stability."
He explained that disruptions in the Strait of Hormuz, through which about one-fifth of global oil supply passes, have historically triggered volatility in energy markets, and the current conflict is proving no exception.
Ale further warned that sustained high energy costs could cripple agriculture and small-scale businesses, particularly affecting women and vulnerable groups.
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He said increased diesel prices could raise the cost of irrigation, food processing, and transportation, ultimately pushing food prices beyond the reach of many Nigerians.
While some oil-exporting countries may benefit from higher revenues, he stressed that such gains could be offset by domestic economic strain if mitigation measures are not implemented.
He, however, called on the federal government and the National Assembly of Nigeria to urgently constitute a high-level, multi-sectoral committee to develop strategies to cushion the impact of the crisis.
He urged strengthening local refining capacity, implementing targeted subsidies for vulnerable populations, and ensuring strategic fuel reserves to stabilise supply.
“The ongoing war, now in its fourth week, is a clear signal that Nigeria must act decisively to prevent external shocks from translating into internal crises."
He added that this year’s World Water Day theme highlights the growing strategic importance of water not only as a basic human necessity but also as a critical factor in global economic and energy security.
With global energy markets facing what analysts describe as one of the most severe disruptions in decades, Ale warned that failure to act swiftly could leave Nigeria exposed to prolonged economic hardship.
