What is Nigeria Energy?

Nigeria Energy unites the West African energy community through FIVE dedicated product sectors. The 10th anniversary edition of Nigeria Energy, held under the patronage of Federal Ministry of Power, Nigeria, was inaugurated by Chief Adebayo Adelabu, Honourable Minister of Power, Federal Republic of Nigeria.

Does Nigeria have a power grid?

Some 45% of Nigeria’s population is actively connected to the energy grid and much of that is concentrated in urban areas. Power sector reforms have identified the need for expansion to rural areas, including through decentralized renewable energy and an increase in energy efficiency, especially in rural areas.

Does Nigeria need an energy transition plan?

While Nigeria recently launched the Energy Transition Plan that supports achieving universal access to energy by 2030 and a carbon-neutral energy system by 2060, there is a need for an action plan that states targets and timeline. This will enable the plan to be properly monitored and its goals achieved.

Will Nigeria achieve universal energy access by 2030?

The Nigerian government plans to achieve universal energy access by 2030. The energy sector faces major financial and technical challenges. According to the International Energy Agency, over 140 million people do not have access to energy in Nigeria, about 71% of the country's population.

Why is energy inaccessibility a problem in Nigeria?

Energy inaccessibility has significant negative impacts on health, education, and economic development. Nigeria is the largest economy in Africa, with vast natural resources, including oil and gas, and it’s one of the largest oil producers in the world. As the country’s economy continues to grow rapidly, so does its demand for energy.

Can solar energy save Nigerian households & companies $4.4 billion a year?

This can also save Nigerian households and companies $4.4 billion annually. However, certain barriers persist in the broader adoption of solar generation. We cannot tell people to adopt renewable energy without educating on the social, economic, and environmental benefits.