NEITI to Unveil Nigeria’s Energy Transition Roadmap on 2060 Net Zero Target

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Nigeria Extractive Industries Transparency Initiative (NEITI), is set to unveil Nigeria’s roadmap to enable the meet its energy transition programme target of net zero emission by year 2060.

At a workshop in yesterday, the agency said the road map will be comprehensive in content and with a framework that contains information and data to drive the implementation of the ’s overall Energy Transition Plan.

According to the executive secretary, Mr. Ogbonnaya Orji, the push for cleaner energy has far reaching implications for a resource dependent country like Nigeria.

NEITI held the in collaboration workshop with Natural Resource Governance Institute (NRGI) based in the United States.

“The transition from carbon-based energy to renewable energy has far-reaching implications for the economy, particularly Nigeria. The implications for Nigeria, a highly natural resource revenues dependent country, are very huge, especially with regard to energy security, citizen’s livelihood, job opportunities and economic development.

“For us at NEITI, we have legitimate interest and duty to help our country develop comprehensive content to guide its rule of engagements required to maximize the opportunities in energy transition while minimizing its associated risks,” Mr. Ogbonnaya said.

In his remarks, chairman of the NEITI board, Mr. Olusegun Adekunle, said the board is determined to provide NEITI with the required policy direction that aids the development of the road map.

According to him, energy being the future of the industry, the workshop’s participants should take advantage of the workshop to build their skills and improve their knowledge on energy transition.

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The West African regional manager of NRGI, Ms. Nafi Chinery, underlined the need to include diversification of Nigeria’s economy as one of the priorities in the country’s energy transition response.

She described NEITI as a reputable and efficient agency whose partnership with her organization will help shape energy transition programs in both Nigeria and the West African sub region.

“Nigeria has a chance to minimize the economic shocks from the energy transition but can only do so if the government responds quickly by making evidence-based decisions and putting in place appropriate policy measures to mitigate the risks and enhance the benefits and diversification potentials provided energy transition”, she said.

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