Energy experts, academics, and industry leaders have called on the Federal Government to strengthen its collaboration with the private sector and universities to expedite Nigeria’s energy transition.
The stakeholders, while speaking at the fourth Dr Diran Fawibe Annual Lecture organised by the International Energy Services Limited, in conjunction with the Centre for Petroleum, Energy Economics and Law and the University of Ibadan, recently, cautioned that weak implementation, rather than a lack of policies, was the main barrier to transforming the country’s energy sector.
They argued that although Nigeria has developed several energy policies over the years, poor execution, regulatory uncertainty, and insufficient investment continue to undermine efforts to ensure a reliable electricity supply, expand gas infrastructure, and promote renewable energy.
Speaking on the theme, “Public-Private Energy Shift: Innovation, Investment, Implementation”, stakeholders maintained that Nigeria’s aspiration to build a resilient, competitive and sustainable energy industry would only be achieved through coordinated action among government, industry and academia.
The Group Chairman of IESL and Chairman of the Board of Trustees of CPEEL, Dr Diran Fawibe, emphasised that energy security is essential for industrialisation, economic growth, healthcare, education, job creation, and national competitiveness.
