Navigating a 'Just Transition' Amidst Energy Poverty In Nigeria
Research Analysis
Despite being Africa's largest oil producer, Nigeria faces significant energy poverty with nearly 71% of the population lacking access to reliable electricity. The mismanagement of the extractive sector over-reliance on fossil fuel and distribution inefficiencies exacerbates the issue, leading to issues such as corruption, environmental degradation, and conflict.
Addressing these challenges while harmonizing energy and climate is pivotal to effecting a sustainable and just transformation that encapsulates the recommendations of implementing incentives and subsidies, enhancing financing mechanisms, capacity building and improving policy and regulatory frameworks. By embracing renewable energy sources and addressing social, economic, and environmental challenges, Nigeria can transition towards a more inclusive, resilient, and equitable energy system.