As the world faces the urgent challenge of mitigating climate change, the Intergovernmental Panel on Climate Change (IPCC) has set a goal of achieving a reduction of 50% over pre-industrial levels in global greenhouse gas emissions by 2030. Nigeria, a country that is both rich in natural resources and heavily reliant on fossil fuels, stands...
Like many other countries, Nigeria has a long history of providing subsidies to the fossil fuel industry. These subsidies were initially introduced to support the country’s oil industry’s development and ensure that fuel was affordable for Nigerian consumers. However, these subsidies have become a significant drain on the country’s finances and a barrier to developing...
There are over 250 ethnic groups in Nigeria with a population of some greater than others. By population size, the top three are Hausa (30%), Yoruba (15.5%) and Igbo (15.2%). The indigenous people in Nigeria are the country’s original inhabitants belonging to these ethnic groups which are present across the entire country. One can typically...
Nigeria’s agricultural sector plays an important role in the country’s economy. In the third quarter of 2022, it contributed 27.55% to nominal GDP and 29.67% to overall real GDP. The sector consists of crop production, livestock, forestry and fishing. Maize, cassava, guinea corn, yam beans, millet and rice are major crops produced in Nigeria. They are...
Looking Back 2022: Nigeria’s Energy Transition Plan Looking Forward 2023: Identify Needed Financial Support for the Energy Transition Plan Nigeria’s Energy Transition Plan (ETP) was launched in August 2022. This plan chronicles how energy poverty and climate change will be addressed to achieve carbon neutrality by 2060. This is arguably Nigeria’s biggest and most...
Transmission Company of Nigeria Nigeria’s national power grid connects power generation stations to electrical loads throughout the country. It is a system that is comprised of power generation companies, power distribution companies, and the Transmission Company of Nigeria (TCN). More than 23 electricity-generating plants are connected to the power grid. While electricity generation and...
Global oil and gas prices are generally influenced by different factors like uncertain supply, temporary spikes and declines in demand, varying infrastructure investment levels, and political unrest in major oil-producing nations. Sustained skyrocketing oil and gas prices have implications for climate change and the environment. Increased oil and gas prices spur the development of some...
According to the Director-General of the National Automotive Design and Development Council (NADDC) General status of passenger cars in the country The International Trade Administration cites a report by the National Bureau of statistics released in 2018 which put the total number of vehicles in Nigeria at 11.8 million. Of this number, 4.6 million are...
Generally, Africa has an urgent need to effectively address climate change because of its effects on the continent. According to the UNFCCC, the regions with the greatest capacity gaps in terms of climate services are Africa and the small island developing States. Due to these gaps, there is a continued need for climate change adaptation...
The most significant climate change-related event in Nigeria in the first half of the year 2022 is the federal government’s inauguration of a committee to develop a national policy on clean cooking. This development is important because of the country’s pledge to increase access to clean cooking by 2030 as part of its Nationally Determined...
