- NEITI pointed out that credible data and National interest should drive the country’s energy transition plan.
- We cannot escape the impact of climate change which is hitting hard globally.
The Nigeria Extractive Industries Transparency Initiative (NEITI) pointed out that credible data and National interest should drive the country’s energy transition plan. They stressed that for a just and equitable energy transition, there must be an in-depth analysis of the advantages, disadvantages, available resources and impact of technology on the economy and livelihood.
Dr Ogbonnaya Orji, the Executive Secretary of NEITI, at a National Dialogue on Energy, said it was essential to study the impact, risks, and opportunities of the energy transition on Nigeria’s oil and gas industry. He noted that although the energy transition is reshaping the oil and gas industry, transparency and accountability were vital to a just transition.
Nafi Chinery, the West Africa Regional Manager at the Natural Resources Governance Institute (NRGI), added that Nigeria accounts for as little as 3.1% of total global energy generation. She further said that the nation contributes less to global carbon emissions but cannot escape the impact of climate change which is hitting hard globally. Therefore, she pointed out that it is crucial to act now and fast to protect the economy and the future. In summary, the Executive Secretary of NEITI said Nigeria should incorporate the resolution from the dialogue in implementing her energy transition plan.