The US/Israel–Iran conflict has intensified global energy shocks, revealing structural weaknesses in Southwest Nigeria’s economy, especially its heavy reliance on imported fuel and underdeveloped energy infrastructure. The ripple effects are increasing fuel, transport, and production costs, fueling inflation and placing pressure on households, SMEs, and industries. This situation underscores the urgent need for energy diversification, local refining capacity, renewable adoption, and stronger, resilient macroeconomic policies to safeguard stability and growth.

The DAWN Commission analysis highlights urgent regional policy coordination needs.

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