The Presidency has urged Nigeria to turn its energy transition policies and climate commitments into bankable projects capable of attracting the investment needed to transform the country’s energy sector.
Ibrahim Shelleng, Senior Special Assistant to the President on Climate Finance and Stakeholder Engagement at the National Council on Climate Change (NCCC), made the call while speaking at the first Sustainable Energy Summit organised by BudgIT Foundation in Abuja on Wednesday.
The summit, themed “Financing Nigeria’s Energy Future: Closing the Gap Between Policy Commitment and Investment,” brought together government officials, development partners, private sector representatives and civil society organisations to examine how Nigeria can bridge the gap between its energy policies and actual investment.
Mr Shelleng said Nigeria had the policies, natural resources and investment opportunities needed to transform its energy sector but lacked a reliable link between policy commitments and projects capable of attracting investment.
“What we still lack is a sufficiently reliable bridge between policy commitments and investable transactions. And that is the gap we must now close,” he said.
