Nigeria Energy Transition & Investment Plan Update

The Nigeria Energy Transition & Investment Plan Update (ETIP 2.0) outlines a pathway to net-zero emissions by 2060, requiring a total installed power capacity of 277 GW and an additional capital investment of approximately $500 billion USD above business-as-usual levels. The plan emphasizes a massive shift toward solar PV, which is projected to reach 209 GW by 2050, and the phasing out of diesel decentralized generators by 2030. In the transport sector, the plan envisions a transition where electric vehicles make up at least 80% of the fleet by 2050, while the cooking sector aims for universal access by 2030, eventually transitioning to e-cooking. Despite the high upfront costs, the transition is projected to result in fuel savings of $686 billion USD. Key barriers identified include high initial costs for EVs and e-cooking, unreliable grid supply, and a skills gap in green technologies.

• Achieving net-zero emissions by 2060 will require a capital investment of approximately $500 billion USD above business-as-usual (BAU) levels, though this is offset by projected fuel savings of $686 billion USD.
• The power sector requires a total installed capacity of 277 GW by 2060, with a significant shift toward renewables; solar PV is expected to reach 209 GW by 2050 and hydropower 11 GW by 2060.
• Nigeria aims for universal electricity access by 2030, requiring a nominal investment of $25.8 billion to reach an additional 106 million people and 19.3 million residential households.
• The transport sector is projected to transition heavily to electric vehicles (EVs), with EVs expected to constitute at least 80% of the fleet by 2050 and nearly all cars being electric by 2060.
• Hydrogen is identified as a critical future energy source, with production reaching 404 PJ by 2060, including 228 PJ of green hydrogen and 176 PJ of blue hydrogen.
• The cooking sector targets universal access by 2030, with a planned phase-out of traditional biomass by 2030 and LPG by the early 2050s in favor of e-cooking.
• Industrial decarbonization will rely on late-stage technology adoption, with biomass CCS for cement and hydrogen DRI for steel production becoming dominant after 2050.
• The transition is expected to have a net positive impact on employment, creating 840,000 incremental full-time equivalent jobs by 2050, despite a potential loss of 110,000 low-qualified jobs in the oil and gas sector.

APA

Sustainable Energy for All (2024). Nigeria Energy Transition & Investment Plan Update. https://www.seforall.org/system/files/2025-05/Nigeria-ETIP-u.pdf

Chicago

Sustainable Energy for All. Nigeria Energy Transition & Investment Plan Update. 2024. https://www.seforall.org/system/files/2025-05/Nigeria-ETIP-u.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Nigeria Energy Transition & Investment Plan Update |date=November 2024 |url=https://www.seforall.org/system/files/2025-05/Nigeria-ETIP-u.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforall2024nigeria, author = {{Sustainable Energy for All}}, title = {{Nigeria Energy Transition \& Investment Plan Update}}, institution = {Sustainable Energy for All}, year = {2024}, month = nov, url = {https://www.seforall.org/system/files/2025-05/Nigeria-ETIP-u.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }