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    Nigeria’s energy transition may gulp $410bn

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      CBN to issue guidelines on contactless payment

      CBN disburses N173bn under 100-for-100 policy

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

      Can IPPs drive Nigeria’s power generation capacity?

      Can IPPs drive Nigeria’s power generation capacity?

      Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

      CBN: Achieving $200b non-oil export earnings

      Petrol may hit N800/litre on subsidy removal – Marketers

      Immediate subsidy removal portends danger to economy, stakeholders warn

      Olam, BATN, eight other exporters earn $100.88m in one month

      Import bill on manufactured goods falls 18.4% to N2.45trn

      Nigeria’s energy transition may gulp $410bn

      Nigeria’s energy transition may gulp $410bn

      As Dangote Sets Pace in Refinery Construction

      Dangote Refinery On March To Transform Nigeria’s Economy

      CBN to issue guidelines on contactless payment

      External reserves fall by $1.5bn in four months -CBN

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        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

        Can IPPs drive Nigeria’s power generation capacity?

        Can IPPs drive Nigeria’s power generation capacity?

        Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

        CBN: Achieving $200b non-oil export earnings

        Petrol may hit N800/litre on subsidy removal – Marketers

        Immediate subsidy removal portends danger to economy, stakeholders warn

        Olam, BATN, eight other exporters earn $100.88m in one month

        Import bill on manufactured goods falls 18.4% to N2.45trn

        Nigeria’s energy transition may gulp $410bn

        Nigeria’s energy transition may gulp $410bn

        As Dangote Sets Pace in Refinery Construction

        Dangote Refinery On March To Transform Nigeria’s Economy

        CBN to issue guidelines on contactless payment

        External reserves fall by $1.5bn in four months -CBN

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          Can IPPs drive Nigeria’s power generation capacity?

          Can IPPs drive Nigeria’s power generation capacity?

          Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

          CBN: Achieving $200b non-oil export earnings

          Petrol may hit N800/litre on subsidy removal – Marketers

          Immediate subsidy removal portends danger to economy, stakeholders warn

          Olam, BATN, eight other exporters earn $100.88m in one month

          Import bill on manufactured goods falls 18.4% to N2.45trn

          Nigeria’s energy transition may gulp $410bn

          Nigeria’s energy transition may gulp $410bn

          As Dangote Sets Pace in Refinery Construction

          Dangote Refinery On March To Transform Nigeria’s Economy

          CBN to issue guidelines on contactless payment

          External reserves fall by $1.5bn in four months -CBN

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            CBN to issue guidelines on contactless payment

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            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

            Can IPPs drive Nigeria’s power generation capacity?

            Can IPPs drive Nigeria’s power generation capacity?

            Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

            CBN: Achieving $200b non-oil export earnings

            Petrol may hit N800/litre on subsidy removal – Marketers

            Immediate subsidy removal portends danger to economy, stakeholders warn

            Olam, BATN, eight other exporters earn $100.88m in one month

            Import bill on manufactured goods falls 18.4% to N2.45trn

            Nigeria’s energy transition may gulp $410bn

            Nigeria’s energy transition may gulp $410bn

            As Dangote Sets Pace in Refinery Construction

            Dangote Refinery On March To Transform Nigeria’s Economy

            CBN to issue guidelines on contactless payment

            External reserves fall by $1.5bn in four months -CBN

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              CBN disburses N173bn under 100-for-100 policy

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

              Can IPPs drive Nigeria’s power generation capacity?

              Can IPPs drive Nigeria’s power generation capacity?

              Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

              CBN: Achieving $200b non-oil export earnings

              Petrol may hit N800/litre on subsidy removal – Marketers

              Immediate subsidy removal portends danger to economy, stakeholders warn

              Olam, BATN, eight other exporters earn $100.88m in one month

              Import bill on manufactured goods falls 18.4% to N2.45trn

              Nigeria’s energy transition may gulp $410bn

              Nigeria’s energy transition may gulp $410bn

              As Dangote Sets Pace in Refinery Construction

              Dangote Refinery On March To Transform Nigeria’s Economy

              CBN to issue guidelines on contactless payment

              External reserves fall by $1.5bn in four months -CBN

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                CBN disburses N173bn under 100-for-100 policy

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                Can IPPs drive Nigeria’s power generation capacity?

                Can IPPs drive Nigeria’s power generation capacity?

                Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                CBN: Achieving $200b non-oil export earnings

                Petrol may hit N800/litre on subsidy removal – Marketers

                Immediate subsidy removal portends danger to economy, stakeholders warn

                Olam, BATN, eight other exporters earn $100.88m in one month

                Import bill on manufactured goods falls 18.4% to N2.45trn

                Nigeria’s energy transition may gulp $410bn

                Nigeria’s energy transition may gulp $410bn

                As Dangote Sets Pace in Refinery Construction

                Dangote Refinery On March To Transform Nigeria’s Economy

                CBN to issue guidelines on contactless payment

                External reserves fall by $1.5bn in four months -CBN

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                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1

                  Can IPPs drive Nigeria’s power generation capacity?

                  Can IPPs drive Nigeria’s power generation capacity?

                  Experts Urge Stakeholders to Explore CBN’s N250bn LPG intervention Fund

                  CBN: Achieving $200b non-oil export earnings

                  Petrol may hit N800/litre on subsidy removal – Marketers

                  Immediate subsidy removal portends danger to economy, stakeholders warn

                  Olam, BATN, eight other exporters earn $100.88m in one month

                  Import bill on manufactured goods falls 18.4% to N2.45trn

                  Nigeria’s energy transition may gulp $410bn

                  Nigeria’s energy transition may gulp $410bn

                  As Dangote Sets Pace in Refinery Construction

                  Dangote Refinery On March To Transform Nigeria’s Economy

                  CBN to issue guidelines on contactless payment

                  External reserves fall by $1.5bn in four months -CBN

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                  Nigeria’s energy transition may gulp $410bn

                  Vanguard | May 24, 2023
                  Nigeria’s energy transition may gulp $410bn
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                  As Nigeria prepares to utilize natural gas as its transition fuel, there are indications that the Federal Government may have set the investment amount for its Energy Transition Programme, ETP, at $ 410 billion of which $10 billion will be spent yearly.

                  Already, the nation’s Energy Transition Office, ETO, domiciled in the Office of the Vice President has secured about $8.2 billion in financing commitments, with ongoing efforts to secure further funds.

                  THE Principal Specialist (Energy and Climate) and Co-Head of the ETO, Lolade Abiola, who confirmed the development at the just-concluded Women in Energy Dialogue in Lagos, said: “To achieve the ambitious goals of the ETP, substantial financial resources are required.”

                  She said the aim is to connect businesses with financiers who are interested in supporting clean technology and low-carbon projects, adding that “ETO also engages with the private sector, with over $17 billion of the funding targeted for private sector investments.”

                  Abiola highlighted the disproportionate impact of inadequate energy access on women and children, emphasizing that Nigeria has seen a remarkable rise in the participation of women in the energy sector, taking on roles as solar entrepreneurs, capacity builders, policymakers, engineers, financiers, and communicators. Women are boldly asserting their presence in this traditionally male-dominated field.

                  Abiola disclosed that the ETP focuses on five key sectors: cooking, transport, industry, oil and gas, and power, aims to transition to cleaner technologies such as electric and solar cooking, e-mobility, low-carbon industrial processes, and renewable energy in the power sector.

                  According to her, Nigeria recognized as a high-impact country for achieving United Nations Sustainable Development Goal 7 (SDG7) of universal access to clean and affordable energy, has prioritized bold action to address energy poverty and mitigate climate change.

                  She said that in 2021, Nigeria made history as the first African country to develop a comprehensive Energy Transition Plan (ETP) with the support of the UN Sustainable Energy for All (SEforALL).

                  Abiola noted that following its approval by Nigeria’s Federal Executive Council (FEC), the ETP has been adopted as a national policy to drive its implementation; an Energy Transition Implementation Working Group (ETWG) chaired by Vice President Yemi Osinbajo, and comprising key ministers has been established. The ETWG is supported by the Energy Transition Office (ETO), with resources provided by SEforALL and the Global Energy Alliance for People and Planet (GEAPP).

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