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Nigeria Needs N2trn To Achieve Net Zero Emissions By 2060 – Energy experts

Published

2 years ago

August 27, 2023

Energy experts at the weekend said Nigeria needs no less than N1.9 trillion to successfully implement an Net Zero Emissions plan under the Nigerian Energy Transition Plan (ETP).

They stated this at the 85th Power Dialogue organised by The Electricity Hub, TEH, in Abuja, with the themes – ‘Analyzing the Nigerian Energy Transition Plan’ – and ‘Nigeria’s Energy Transition Plan: Reforms and Implementation.’

They contended that the ETP would remain just a plan if a feasible pathway is not evolved, especially as the challenge of financing gas initiatives has emerged due to the plan.

The panellists at the session noted that by 2040, there will be a significant shift in the gas utilization portfolio, which implies that Nigeria will focus on the domestic sector as the global market diminishes.

However, the role of gas is envisioned as the transition fuel because of its abundant availability whereas Nigeria presently exports around 14% of LNG gas to the European Union, the dialogue noted.

A statement issued by TEH after the session said, “one prominent hindrance to our gas development lies in natural gas pricing within the domestic economy.

“Particularly, the gas allocated to the power sector is traded at deregulated rates within the industry. This occurs unless an interested buyer or seller is identified. Regrettably, the advantages of this often remain underutilized.”

The panelists include special energy experts from the energy sector, including Zira John Quaghe, serving as Nigeria’s Focal Person at The African Climate Foundation; Jennifer Ifeanyi-Okoro, the Vice President of Public Policy at Sun King; Charles Majomi, a Partner specializing in Gas and Energy Transition at The Nextier Group; and Chibuikem Agbaegbu, the Program Manager at Nigeria Off-Grid Market Accelerator, who was the Moderator.

Jennifer Ifeanyi Okoro, who discussed the strategies and targets involved in the energy transition pathway, stated that one important strategy used to connect to many people is the affordability of the products because the company targets mostly the poor.

She buttressed her point with some achievements recorded by Sun King (an off-grid solar company).

According to Okoro, “about N1.9 trillion is needed for Nigeria to get to Net Zero in 2060, which is a lot of money”.

She pointed out the most difficult challenge in the Energy Transition Plan is sheer poverty, arguing that unless “we proffer solutions to Nigeria’s basic needs, such as housing, access to clean water and energy, food, education and more, the Net Zero will continue to elude us for a sustainable future”.

Zira John Quaghe highlighted the climate goals and how the energy transition fits in. He highlighted major factors for the energy transition plan and stated points that referred to accountability mechanisms.

He explained that there are five countries gearing towards achieving the Net Zero plan, and Nigeria isn’t part of those countries.

Zira explained the climate finance market strategies from the philanthropy point of view, pointing out how philanthropy can help to align budgetary and physical planning. He also stated how Nigeria could improve its quality of climate change discourse.

Charles Majomi stated that one of the gas stories is that Nigerians refuse to accept the fact that adding value to gas enhances socio-economic welfare.

He noted that how Nigeria had lost the opportunity to leverage gas as its primary resource, stressing that the key element of the Energy Transition plan is the transition away from dirty fuels. Therefore, he emphasized that gas will continue to be used productively as an export resource.

Nonetheless, the experts concluded that energy transitioning is an intensive task, that has to be gradual and intentional to ensure continual improvement and sustainability.

Even at that, Nigeria which has abundant resources to transition to Net-Zero, needs the right policies, plans and strategies incorporation with regulations, otherwise, it will keep revolving in the circle of carbon emissions.
VANGUARD

Headline

Again, Russia Claims Another Village In Ukraine’s Region

Published

23 hours ago

August 25, 2025

Editor

The Russian army Monday claimed to have captured another village in Ukraine’s Dnipropetrovsk region, moving deeper into Ukrainian territory as peace efforts stall.

Russian forces are slowly but steadily gaining ground in costly battles for largely devastated areas in eastern and central Ukraine, normally with few inhabitants or intact buildings left.

Russia’s defence ministry said its forces had seized the settlement of Zaporizke in the region, which Russian troops recently advanced into for the first time in the three-and-a-half-year offensive.

Kyiv denies that Russian troops have gained a foothold in the Dnipropetrovsk region, an important industrial hub.

After another push by US President Donald Trump to broker a Ukraine-Russia summit, hopes for peace dimmed when Russia last week ruled out any immediate meeting between presidents Vladimir Putin and Volodymyr Zelensky.

The central region of Dnipropetrovsk has previously been largely spared from fighting that has ravaged swathes of eastern and southern Ukraine, until Russia said its forces broke through in July.

Dnipropetrovsk is not one of the five Ukrainian regions — Donetsk, Kherson, Lugansk, Zaporizhzhia and Crimea — that Moscow has publicly claimed as Russian territory.

Ukraine said Russia had launched over 100 drones Monday, killing a 37-year old civilian driver and wounding two people in the northeastern Sumy region.

Moscow said Kyiv had launched about two dozen drones targeting western Russia

Headline

US Comedian Reggie Carroll Shot Dead In Mississippi

Published

23 hours ago

August 25, 2025

Editor

A United States comedian, Reginald “Reggie” Carroll, has been shot dead in Southaven, Mississippi.

The 52-year-old Carroll, widely known as the Knockout King of Comedy, was reportedly killed on Wednesday, August 20, 2025, after sustaining multiple gunshot wounds.

The Southaven Police Department confirmed the incident in a Facebook statement on Saturday.

“Southaven officers located one male victim suffering from gunshot wounds.

“The officers and medical personnel provided life saving techniques but the individual succumbed to his injuries,” the statement partly read.

The victim was later identified as Carroll, a Baltimore native.

Police said one suspect was arrested and charged with his murder.

“One male is in custody and has been charged with the murder of Reginald Carroll.

“Our thoughts are with the family of Mr. Carroll.

“Thank you to the community for their patience and understanding,” the department added.

The police further assured that there was no ongoing threat to residents, describing the case as “an isolated shooting.”

Carroll, who built his career in stand-up comedy, gained national recognition touring with Katt Williams and headlining his own showcase, Knockout Kings of Comedy.

He also featured in the 2000 edition of Showtime at the Apollo, appeared on the UPN sitcom The Parkers alongside Mo’Nique and Countess Vaughn, and starred in the 2022 television film Rent & Go.

In 2023, he produced the stand-up special Knockout Kings of Comedy.

The Southaven Police Department disclosed that an investigation into his death is ongoing.

Headline

US Defends New Social Media Vetting For Nigerian Visa Applicants

Published

24 hours ago

August 25, 2025

Editor

The U.S. Mission in Nigeria on Monday reaffirmed that the safety and security of the United States remain the cornerstone of its visa application and decision-making process.

The US said this following its directive last week that mandates Nigerians to disclose all social media usernames and handles used over the past five years as part of the visa application process.

US Mission said Nigerian visa applicants must provide a comprehensive list of their social media profiles on the DS-160 visa application form, and warned that omitting the information could lead to visa denials.

Reacting to the development, the Federal Government said US citizens intending to visit Nigeria will be subjected to the same measures.

“The best we can do is to carry out reciprocal action. Some people from the US might want to apply for a visa, and we will adopt the same measures,” spokesman of the Ministry of Foreign Affairs, Kimiebi Ebienfa, said last Monday.

However, in a statement released Monday on X, the US Mission said prospective visa applicants undergo careful vetting to maintain a safe and welcoming environment in the US.

It said, “The safety and security of the United States is at the heart of every #USVisa application and decision process.

“That’s why prospective applicants undergo careful screening to ensure a safe and welcoming environment for all.”

The Mission added, “These measures help protect American citizens and communities while supporting secure and responsible travel.”