Event Description

Posted Sun, Apr 13, 2025 10:20 AM

Timeframe: Thu, Apr 24, 2025 11:00 AM - Thu, Apr 24, 2025 1:00 PM

Engagement Towards a Successful Global Energy Transition Initiative for Nigeria

The role of Energy in reversing negative socio-economic outcomes, facilitating industrialization and job creation and ultimately engendering economic growth and development cannot be overstated.

Therefore, attaining an adequate energy supply might very well be catalytic for its economic and social development. Also, Nigeria's enormous resource wealth and large population size dominated by youth pose immense potential for Nigeria to dominate Africa's industrial sector.

The Nigerian government has undertaken bold action to limit the impacts of climate change. The next few decades will present a unique opportunity to merge economic development and climate action for Nigeria. Nigeria's Energy Transition Plan (ETP) was unveiled in August 2022 after highlighting the scale of effort required to achieve the 2060 net zero target while meeting the nation's energy needs. However, in achieving the Nigeria Net Zero Plan by 2060, the Nigeria Energy Transition plan estimates $ 1.9 trillion will be required, including $410 billion above projected usual spending and an additional cost that translates to about $10 billion annually.

Nigeria has made a commitment to achieving net-zero emissions and submitted its updated 2021 Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC). The country is currently implementing the Energy Transition Plan (ETP) and currently undergoing review, which outlines the significant effort required to achieve the 2060 net zero target while also meeting the nation's energy needs. Additionally, Nigeria has put in place several policies related to climate change, including the Climate Change Act of 2021, the National Climate Change Policy (2021-2030), and the National Climate Change Programme for Nigeria (2021-2030).

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Select a Sector Select a Sector Public Sector Private Sector Development Partners Others Preferred Pronoun Select Entity She/her/hers He/him/his They/them/theirs Prefer not to say Locations Select State Outside Nigeria Abia State Adamawa State Akwa Ibom State Anambra State Bauchi State Bayelsa State Benue State Borno State Cross River State Delta State Ebonyi State Edo State Ekiti State Enugu State FCT Gombe State Imo State Jigawa State Kaduna State Kano State Katsina State Kebbi State Kogi State Kwara State Lagos State Nasarawa State Niger State Ogun State Ondo State Osun State Oyo State Plateau State Rivers State Sokoto State Taraba State Yobe State Zamfara State

Attendance Type Attendance Type Virtual Physical

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