Nigeria will require $1.9 trillion to achieve its net-zero energy targets by 2060, with $410 billion needed solely for gas infrastructure, the Nigerian Extractive Industries Transparency Initiative (NEITI) told National Assembly members on Monday.
Speaking at a one-day dialogue organised by the Civil Society Legislative Advocacy Centre (CISLAC) and the Tax Justice Network Africa in Lagos, NEITI’s Director of Policy, Planning and Strategy, Dieter Bassi, warned that this funding gap could stall the country’s energy transition and leave billions in fossil fuel assets stranded.
The event brought together lawmakers, including members of the African Parliamentary Network on Illicit Financial Flows and Tax (APNIFFT), to discuss strategies for phasing out fossil fuels, expanding renewable energy, and ensuring a just energy transition in Nigeria.
“Achieving n
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