The initial phase focused on universal energy access, running from 2020 to 2040, requires a mobilization of $432 billion to establish critical and foundational infrastructure and systems. This would then need be scaled up with an additional $935 billion through 2060 for Nigeria to successfully transition to Net-Zero by 2060.
Power & Hydrogen The initial costing of the ETP indicated that enabling Nigeria's Net Zero pathway would require ~$1.9 trillion spending up to 2060, including ~$410 billion above business-as-usual spending which translates to about $10 billion per annum. Including Power and Gas transmission and distribution as well as refueling infrastructure
Financing would need to be structured across two major phases with a majority of efforts required in the power and transport sectors. The initial phase focused on universal energy access, running from 2020 to 2040, requires a mobilization of $432 billion to establish critical and foundational infrastructure and systems.
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