Vice President Kashim Shettima has announced that Nigeria’s energy transition agenda under President Bola Tinubu is projected to attract over $410 billion in renewable energy investments between 2025 and 2060.
Shettima made this known on Tuesday in Abuja while inaugurating the Nigerian Renewable Energy Innovation Forum (NREIF) 2025, noting that the plan would position Nigeria and Africa as major players in the global shift towards net-zero emissions.
According to him, more than $23 billion will be needed to expand energy access and connect millions still living without reliable electricity.
“We are blessed with the minerals that power clean technologies, and Nigeria brings youth, ambition, and untapped renewable potential,” he stated.
The Vice President called on stakeholders to seize the opportunity and reaffirm Nigeria’s readiness to lead Africa’s clean energy revolution.
“Beyond access lies our grander ambition to build a power system capable of generating 277 gigawatts by 2060. This vision demands sustained investment, innovation, and homegrown capacity,” he added.
Shettima also revealed that over $400 million in fresh investment commitments had already been secured within Nigeria’s renewable energy manufacturing chain. These investments, he said, cover solar panels, smart meters, battery storage, and recycling facilities, creating more than 1,500 direct jobs across several states.
“These investments show growing global confidence in Nigeria’s clean energy industrialisation drive,” he noted.
Reaffirming the Tinubu administration’s commitment to fostering a self-sustaining renewable energy market, Shettima said the government is enhancing local manufacturing incentives, simplifying regulations, and deepening collaboration with state governments and private investors.
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