The Vice President of Nigeria, Kashim Shettima has revealed that Nigeria’s energy transition plan under President Bola Tinubu will unlock over $410 billion in renewable energy investments between 2025 and 2060.
While declaring open the inaugural Nigerian Renewable Energy Innovation Forum (NREIF) 2025 on Tuesday in Abuja, Shettima said the initiative would position Nigeria and Africa as key players in the global race towards net-zero emissions.
The Vice President stated thus:
“We are blessed with the minerals that power clean technologies, and Nigeria brings youth, ambition, and untapped renewable potential.”
“Beyond access lies our grander ambition, to deliver a power system capable of 277 gigawatts by 2060. This ambition demands investment, innovation, and local capacity,”
Over $400 million in new investment commitments had already been mobilised into Nigeria’s renewable energy manufacturing value chain.
The investments cover solar panels, smart meters, battery storage, and recycling facilities, creating over 1,500 direct jobs across multiple states.
“These investments reflect growing global confidence in Nigeria’s clean energy industrialisation drive”
“We are enhancing incentives for local manufacturing, streamlining regulations, and deepening collaboration with State Governments and investors”
“We count on State Governments to champion renewable industrial clusters and drive green growth across the federation.”