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nigeriasenergysector Tag

Morgan Cole Partners > Posts tagged "nigeriasenergysector"

REVIEW OF THE POWER SECTOR: ANALYZING THE MINI-GRID REGULATIONS, 2023

Over the years, Nigeria has experienced a remarkable paradox, one of acute energy poverty in the midst of plenty. Despite the country’s huge energy resources, including both large and small hydropower and abundant gas reserves, 44.6% of households, according to the National Bureau of Statistics do not have access to grid electricity. The federal government privatized the state-owned Power Holding Company of Nigeria (PHCN) in 2013, in the hopes that the private sector would bring the investment needed to drive the electricity sector and provide much-needed energy to millions of Nigerian households and productive users. However, eight years after privatization,...

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UNLOCKING NIGERIA’S ENERGY TRANSITION POTENTIAL

Nigeria, with its vast energy resources, is at a crucial crossroads in its journey towards cleaner and more sustainable energy sources. In 2022, the nation launched its much-anticipated Energy Transition Plan, aiming to reduce emissions and harness the power of natural gas. However, despite decades of planning, only a mere $1 billion of the planned $80 billion has been committed to these transformative projects. Civil society organizations, including the African Initiative for Transparency, Accountability, and Responsible Leadership, and the Natural Resource Governance Institute, came together in a policy dialogue in Abuja. Their message was clear: Nigeria declared the 2020s as the...

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