Abuja Industrial Energy Storage Policy Update

What is Nigeria's Energy Plan?

The plan signifies Nigeria’s commitment to tackle the dual crises of energy poverty and climate change and deliver SDG7 by 2030 and Net Zero by 2060, while also providing energy for development, industrialization, and economic growth.

When did the Nigeria Energy Transition Plan come out?

The Government of Nigeria officially launched the Nigeria Energy Transition Plan at COP26 in November 2021. To ensure the plan remained aligned with evolving realities and assumptions, a stakeholder consultation with public and private sector participants was held in October 2024 to review and refine the original plan.

What is the Nigeria Energy Transition Office (ETO)?

people lifted out of poverty by 2060 The Nigeria Energy Transition Office (ETO) was established in 2022 and housed within the Office of the Vice President to support on implementation of the Plan, working across ministries and agencies, including securing the approval of the ETP by the interagency Federal Executive Council.

Will Nigeria achieve net zero by 2060?

To date, the ETO and has helped mobilize more than USD 3.6 billion in investment and advanced polices to enhance the market and regulatory environment for private sector players in Nigeria. The updated ETP estimates that achieving Net Zero by 2060 would require a capital investment of approximately USD 500 billion above business-as-usual spending.