Nigerian State and Energy Transition in an Ailing Economy: Challenges and Prospects

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Abstract

The paper aims to assess the energy transition potentials of Nigeria within the context of its struggling economy and identify the key obstacles and opportunities for sustainable energy development. The paper consists of a comprehensive literature review, analysis of relevant data and statistics and interviews with key stakeholders in the Nigerian energy sector. The Sustainable Transition Theory was applied as a suitable theoretical framework to understand the complex interactions between the Nigerian State, energy transition, and economic challenges. The paper argues that Nigeria faces significant challenges in achieving a successful energy transition while simultaneously dealing with its ailing economy. The country heavily relies on fossil fuels, particularly oil, for both domestic consumption and export revenues, resulting in a high carbon intensity and vulnerability to global oil price fluctuations. Additionally, corruption, inadequate infrastructure, policy inconsistencies and limited access to financing pose significant barriers to renewable energy adoption and diversification of the energy mix. The paper concludes that while the Nigerian State recognises the need for energy transition and may have taken some steps to promote renewable energy, a more deliberate, comprehensive and coherent approach is required. To overcome the challenges and harness the prospects of energy transition, the Nigerian government must prioritise implementing supportive policies and regulatory frameworks that encourage investments in renewable energy, create a favourable business environment and enhance energy infrastructure development.
Keywords: State, Energy Transition, Economy, Challenges, Prospects.

Author

• Kenneth Nweke, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria