The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged Ministries, Departments, and Agencies (MDAs) to commit to the energy transition process and list their strategic roles in steering Nigeria through the energy transition.
The Executive Secretary, NEITI, Dr. Orji Ogbonnaya Orji, at a Roundtable in Abuja on the Long-Term Impact of Energy Transition on Nigeria’s Economy, said the ability of Nigeria to navigate it successfully rests largely on the clarity of roles and synergy among MDAs.
The Executive Secretary stated that this global shift from fossil fuels to renewable is not optional for Nigeria, but an inevitability that demands foresight, coordination, and deliberate action.
He itemised the different roles of the agencies such as: The Federal Ministry of Petroleum Resources and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Company Limited (NNPC Ltd), Ministry of Finance, Budget, and National Planning, Ministry of Power, Ministry of Environment, Ministry of Solid Minerals Development among others.
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, represented by the Federal Commissioner, Steve Ugbah, stated that the global energy transition marked by declining fossil fuel demand, accelerating renewable energy adoption, and international commitments to net-zero emissions pose significant risks and opportunities for Nigeria.
Ugbahsuggested adopting a transition-sensitive revenue allocation rules; establishing transition and decommissioning fund; providing conditional diversification grants; institutionalising scenario-based forecasting and enhancing data transparency and coordination.
The Chairman, Fiscal Responsibility Commission, Victor Muruako, represented by the Special Adviser, Chris Nwaduka, expressed the FRC’s commitment to work with NEITI as an agency established to promote transparency, accountability and prudence in the management of the nation’s resources.
The Head Sustainability at NNPC, represented by the Lead Sustainability Analyst, Vincent Ogbu explained that NNPC is playing a pivotal role in helping to identify emissions footprint while also uncovering new energy opportunities that can be leveraged to tap into the rapidly emerging energy landscape.
The Director General, National Council on Climate Change, Mrs. Omotenioye Majekodunmi represented by the Assistant Chief Chemical Engineer, MsJummaiVandu stressed that Net Zero target, and Energy Transition Plan is not just a target but a national development strategy, and the responsibility of the National Council on Climate Change is to secure coordination across government.
