Nigeria: Net Zero by 2060 – A Progress Report

  • 29th February, 2024
  • < 1 min reading

Recently, the Federal Government of Nigeria announced its commitment in 2024 of ₦60 billion (about US$ 37 million) towards achieving net zero emissions by 2060. The roadmap for achieving net zero by 2060 is set out in Nigeria’s Energy Transition Plan (ETP), which stipulates the specific actions the government will take to decarbonise the economy.

The plan focuses on eliminating emissions from the largest sources of greenhouse gases, which taken together, account for about 65% of Nigeria’s CO2 emissions. In thinking about how effective these strategies will be, the following four questions come to mind:

  • How does Nigeria plan to meet its commitments to achieving net zero by 2060?
  • Are the commitments laid out in the ETP compatible with the goal of 1.5 degrees Celsius, and how well is Nigeria doing in achieving its Nationally Determined Contributions (NDCs)?
  • What has been undertaken so far to achieve these objectives, How well is Nigeria doing with respect to meeting its stated objectives, and what more needs to be done?
  • What does this mean for the country, specifically for individuals and businesses?

We thought it would be a good time to review Nigeria’s strategy for achieving net zero and its impact on businesses and households in the country.

In this progress report, Brent Barnette reviews, assesses, and provides expert insights on Nigeria’s strategy for achieving net zero, progress so far, and how the transition is impacting businesses and households

The progress report can be downloaded here Nigeria’s Net Zero by 2060 Progress Report