Nigeria’s Vice President Kashim Shettima says the country’s energy transition plan will attract over $410 billion in investments by 2060, positioning Nigeria as Africa’s renewable energy hub. Speaking at the Nigerian Renewable Energy Innovation Forum (NREIF) 2025 in Abuja, Shettima said the goal is to build a 277-gigawatt power system driven by innovation, local manufacturing, and private capital.
He noted that about $23 billion is needed in the short term to expand access and tackle energy poverty. The government is de-risking investments, simplifying regulations, and promoting domestic manufacturing to accelerate clean-energy adoption.
Shettima revealed that over $400 million has already been mobilized through NREIF into solar, battery, and smart-meter production, creating 1,500 jobs. The forum also saw new MoUs signed between Nigerian states, the REA, and international partners, including the Dutch government, signaling growing confidence in Nigeria’s clean-energy future.
