Vice President Kashim Shettima has announced a bold $410 billion clean energy investment strategy aimed at transforming Nigeria into Africa’s leading renewable energy hub by 2060, as part of the Federal Government’s long-term energy transition agenda.
Shettima made the announcement while delivering his keynote address at the Nigerian Renewable Energy Innovation Forum (NREIF) 2025, held on Monday in Abuja, where policymakers, industry leaders, and global energy stakeholders gathered to chart pathways for sustainable energy development in the country.
According to the Vice President, the clean energy roadmap — anchored on the Nigeria Energy Transition Plan (ETP) — seeks to harness the country’s abundant renewable resources, including solar, wind, hydro, and bioenergy, to accelerate industrial growth, economic diversification, and environmental sustainability.
“Nigeria is blessed with vast renewable energy potential, and our goal is to turn that potential into prosperity,” Shettima said. “The government has developed a comprehensive investment framework that will mobilize $410 billion by 2060 to ensure energy security, create jobs, and drive inclusive development.”
He noted that in the short term, Nigeria requires $23 billion in targeted investments to expand energy access for millions of citizens still living without reliable electricity — a key step toward reducing energy poverty and stimulating rural development.
The Vice President emphasized that the plan focuses on building public-private partnerships, strengthening clean energy infrastructure, and promoting local manufacturing of renewable technologies such as solar panels, batteries, and electric vehicle components.
“Our strategy is not just about clean energy; it’s about economic transformation,” he added. “We are creating new industries, developing local capacity, and positioning Nigeria to lead Africa’s renewable energy revolution.”
Shettima reaffirmed the Tinubu administration’s commitment to decarbonization, climate resilience, and inclusive economic growth, stressing that Nigeria’s energy transition will be both pragmatic and people-centered.
He also called on international development partners, investors, and climate finance institutions to collaborate with Nigeria in achieving its net-zero emission target by 2060, noting that global cooperation will be critical to bridging the country’s financing and technology gaps.
Participants at the NREIF 2025, which included representatives from the African Development Bank (AfDB), World Bank, and leading energy firms, commended the initiative as a transformative step toward sustainable development.
With the announcement, the Federal Government has reaffirmed its vision to make Nigeria a continental leader in renewable energy, aligning with global climate goals while driving industrial innovation and social progress.
