The Energy Transition in Nigeria

Nigeria is at a key moment in its energy transition, seeking to reduce its reliance on fossil fuels while harnessing its abundant renewable energy potential. While the country’s energy landscape has been dominated by natural gas and petroleum, Nigeria is increasingly focusing on integrating solar and hydropower into its energy mix to diversify its sources and reduce carbon emissions. As one of Africa’s largest economies, Nigeria has a critical role to play in the continent's energy future, not only through energy production but also by leading the exploration and development of critical minerals essential for global clean energy technologies. With significant reserves of lithium, rare earth elements, and other valuable minerals like zinc and beryllium, Nigeria is positioned to become a key player in the global mineral supply chain. As part of its energy transition strategy, the country is aligning with ESG principles to ensure that its development is sustainable and inclusive while fostering industrialisation and boosting economic growth. Nigeria is home to an array of critical minerals, including lithium, rare earth elements, manganese, and tin, which are vital for the production of renewable energy technologies such as batteries and electric vehicles. The country’s extensive mineral resources are crucial for the clean energy transition and are being increasingly explored and developed to meet the global demand for these materials. In addition to its critical minerals, Nigeria also produces essential minerals like gold, iron ore, and zinc, which support both domestic industrialisation and the growing global market for green technologies. As Nigeria continues to invest in its mineral sector and renewable energy infrastructure, it is positioning itself as a regional powerhouse in both the energy and critical minerals sectors.