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Oriental News Nigeria
Home»Energy»Nigeria’s Updated National Energy Policy Reinforces Energy Security Initiative- ECN
Energy

Nigeria’s Updated National Energy Policy Reinforces Energy Security Initiative- ECN

By Orientalnews StaffOctober 18, 2024No Comments3 Mins Read
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Uche Cecil Izuora

The Energy Commission of Nigeria (ECN) has stressed the importance of a strategic master plan to guide the deployment of Nigeria’s energy resources.

The Commission believes that the recently updated National Energy Policy (NEP) and National Energy Masterplan (NEMP) are the foundation to achieve the country’s energy security goals.

The Director General (DG) of the ECN, Dr Mustapha Abdullahi, who stated the above further highlighted the importance of energy in the present administration’s Hope Agenda, which is a crucial element for Nigeria’s economic development.

Abdullahi stated this during his presentation titled “Gazetting Nigeria’s Energy Vision” at the Nigeria Energy Summit held in Lagos State which took place from October 15 to 17, organised by stakeholders in the Nigerian energy sector to discuss the nation’s energy future.

Dr Abdullahi noted that, “As global energy transformation catalyses economic growth, Nigeria is pivotal.

“The intersection of energy access, innovation, and our dynamic, youthful population presents a unique opportunity to forge a path toward prosperity, inclusion, and global relevance.” he said

He stated that President Tinubu’s Renewed Hope Agenda strongly emphasises energy as a driver of economic growth.

Dr Abdullahi stressed the importance of a strategic master plan to guide the deployment of Nigeria’s energy resources explaining that the recently updated National Energy Policy (NEP) and National Energy Masterplan (NEMP) are the foundation for this vision.

“These documents outline the framework for harnessing Nigeria’s vast energy potential, including both renewable and non-renewable resources. Dr Mustapha said.

According to the ECN Boss, “The country has considerable renewable energy resources: 24,000 MW of large hydropower capacity, 3,500 MW of small hydropower, solar radiation ranging from 3.5 to 7.0 kWh/m²/day, wind speeds of 2-4 m/s at a 10-meter height, and vast biomass potential from forests, agricultural waste, and animal waste.

Dr Abdullahi who emphasised that the ongoing effort to “gazette Nigeria’s energy vision” formalises the industry’s energy policy and master plan,, added that, “By gazetting these documents, we give them legal authority, ensuring their enforcement and implementation while providing clarity and direction in Nigeria’s energy policy,” he said.

He highlighted that this process lends credibility and trust to the policy and aligns Nigeria with global energy initiatives, encouraging international cooperation and investment opportunities.

“The legal recognition of the NEP and NEMP makes the government accountable for its energy strategy, allowing stakeholders and the public to monitor progress and evaluate outcomes. He stated

Dr. Abdullahi outlined the key objectives of the National Energy Policy, which include diversifying Nigeria’s energy sources, enhancing energy security, and ensuring an efficient energy delivery system.

“The policy aims to reduce dependence on oil by promoting renewable energy, research and development (R&D), and strategic investment in the energy sector. He said

He stated that, “Our focus is on ensuring a reliable, sustainable, and cost-effective supply of energy while promoting local participation in the energy industry for greater stability and self-reliance. This also includes encouraging regional and global cooperation in energy projects and adopting clean energy technologies to combat climate change.”

He further emphasized that Nigeria’s energy future blueprint is built to create an enabling environment for energy transformation, focusing on innovation and inclusive growth.

 

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Orientalnews Staff

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