This ambitious goal, announced by Special Adviser to the President on Energy, Olu Verheijen, is contingent upon growth in the oil and gas sector investment.
Currently, Nigeria’s energy sector faces significant challenges, including insufficient power generation, inadequate infrastructure, and a high level of energy poverty.
Approximately 71% of Nigeria’s population lacks access to energy, with over 140 million people without access to modern energy services.
To address these challenges, the government is exploring alternative energy sources, including solar and natural gas. Nigeria has set a goal to achieve universal energy access by 2030 and is implementing various policies and initiatives to increase access to clean and affordable energy.
Some of the government’s initiatives include:
- Nigeria Electrification Project: A project that has helped provide reliable access to electricity services to over 5.9 million underserved and unserved Nigerians, including Micro Small and Medium Enterprises (MSMEs) and female-headed households.
- Energy Transition Plan: Nigeria’s plan to achieve net zero by 2060, developed with support from the COP26 Energy Transition Council.
- Renewable Energy Roadmap: A comprehensive plan to develop Nigeria’s renewable energy sector.
