The Energy Transition Plan and Nigeria’s Industrial Sector

In August 2022, Nigeria developed its Energy Transition Plan (ETP) in line with its commitment to limit global warming to 1.50C under the 2015 Paris Agreement. The ETP developed an implementing framework for transitioning to renewable energy for five sectors: industry, cooking, transport, oil and gas, and power. With respect to the industrial sector, the plan’s near-zero carbon emission strategies will have significant compliance implications for industry players. Thus, establishing a predictable and sound policy is critical for industry planning and decision-making. First, consideration should be given to the transition plan’s industrial decarbonization strategies.

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