As Nigeria prepares to use natural gas as a transitional fuel, it appears that the federal government has set the investment amount for its energy transition program, ETP, at $410 billion, of which $10 billion will be spent each year.
Lolade Abiola senior specialist (energy and climate) and co-director of ETO said the goal is to connect businesses with financiers interested in supporting clean technologies and low-carbon projects, adding that "ETO also engages with the private sector, with more than $17 billion in funding targeted for private sector investment.
Abiola highlighted the disproportionate impact of inadequate access to energy on women and children, noting that Nigeria has seen a remarkable increase in women's participation in the energy sector, taking on roles as solar entrepreneurs, capacity builders, policy makers, engineers, financiers and communicators. Women are boldly asserting their presence in this traditionally male-dominated field.
Abiola a révélé que l’ETP se concentre sur cinq secteurs clés: les ménages, les transports, l’industrie, le pétrole et le gaz, et l’énergie, vise à passer à des technologies plus propres telles que la cuisson électrique et solaire, la mobilité électrique, les processus industriels à faible émission de carbone et les énergies renouvelables dans le secteur de l’énergie.
According to her, Nigeria, recognized as a high-impact country for achieving the 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 United Nations Sustainable Energy for All (SEforALL).