The pursuit of energy independence alongside sustainable development has brought the concept of a just energy transition to the forefront of policy discussions. With its abundant natural resources and vast renewable energy potential, Nigeria faces the challenge of balancing fossil fuel dependency with clean energy adoption and economic diversification, WALIAT MUSA writes.
Nigeria’s economy has been closely tied to its energy sector, with oil and gas contributing a substantial share of the country’s revenue and foreign exchange (FX) earnings. As one of the largest oil producers in Africa, the country’s crude oil exports have long been a key source of FX, enabling the country to finance essential imports and manage its fiscal obligations.
However, the volatility of global oil prices, coupled with production challenges, has often destabilised the economy. This underscores the need…
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