How can Nigeria bridge the climate finance gap to meet its ambitious targets? Our guests, Chintal Barot (Founder, Co-Sustain Consulting) and Titilayo Oshodi (Special Adviser on Climate Change and Circular Economy to the Governor of Lagos State), share insights on accessing funding, the role of gender in climate finance and why the economic argument is crucial for driving climate action.
In this episode female executives in Nigeria’s Power sector examine Nigeria’s Electricity Act 2023 and its implications for the distribution sub-sector. With the repeal of the 2005 reform act, the new legislation grants states, private investors, and individuals the power to generate, transmit, and distribute electricity. This conversation explores what this means for the 11 distribution companies (DisCos) currently serving Nigeria’s 36 states and the Federal Capital Territory.
Despite Nigeria investing an estimated USD 1.9 billion annually in climate-related activities, this is just 11% of the USD 17.7 billion needed to meet its emissions reduction goals by 2030. In this episode, we ask the critical questions: What’s driving these disparities? How can they be addressed? And what are the emerging opportunities, especially in light of the new Electricity Act 2023, which opens doors for renewable energy development across all 36 states?
As Nigeria stands at a pivotal juncture in its energy sector reform, the National Policy Dialogue on Electricity is more than just a series of meetings; it represents a forward-thinking approach to resolving longstanding challenges.
By Stella Odiase and Khadijat Baba-Muhammad
The journey towards a decentralised electricity market in Nigeria is a vivid example of how legal frameworks can lead to substantial institutional and societal changes when coupled with effective policymaker coalitions.
In this first of a three-part series Jumoke Delano, a multi-jurisdictional lawyer, and former Head of Regulatory Relations at the Abuja Electric Distribution Company, explores the interconnected roles of different players within the power value chain, and their need for cooperation and coordination.
In this second instalment of a three-part series Dr. Dalia Sakr, a UNFCCC accredited climate change expert, compares electricity and calorie consumption, pointing out that sometimes responsible behaviour takes discipline.
In this third and final instalment of a three-part series Stella Odiase, UKNIAF’s Cross Cutting Adviser and a Doctoral candidate at the Institute of Development Studies, Sussex University, reflects on a recent electricity customer interaction, where customer requests were quite straightforward.
Three Perspectives on Nigeria’s Electricity Tariff Review:
the Utilities, the Climate Change Expert, and the Customer
Oct 2024
