The Federal Republic of Nigeria is the most populous country and largest economy on the African continent. It is home to one of the fastest-growing populations globally, which has led to a rapidly increasing demand for energy that will be key to unlocking further economic development. This presents a substantial opportunity to develop the rich natural renewable energy resources of the country and unlock low-carbon growth.
This Renewable Energy Roadmap for Nigeria was developed in collaboration with the Energy Commission of Nigeria and analyses the additional renewable energy deployment potential up to the year 2050, with an additional 2030 focus to aid shorter-term policy development. The study encompasses all key sectors of the Nigerian energy system to provide additional context for energy policy discussions on how increased ambition in terms of renewable energy - beyond current government policy and targets - can be realised.
Renewable energy can help Nigeria not only meet its energy needs, but also power sustainable economic growth and create jobs while achieving global climate and sustainable development objectives. This study is carefully designed to capture the realities facing the country and sharpen its focus on key challenges and opportunities facing the Nigerian energy system. The actions needed to realise this future are multi-faceted and include policy, regulatory and financial related actions to place Nigeria on the path to a transformative future.