Nigeria’s $400bn energy transition plan faces funding test

Questions are increasing over Nigeria's capacity to raise and deploy the estimated $400 billion in additional investment needed to reach its 2060 net-zero target. The national debate on energy transition has largely focused on balancing continued oil and gas exploitation with a shift to renewable energy. However, stakeholders told Daily Trust that the central challenge is finance, including where capital comes from, how it is deployed, the risks investors assume, and the economic returns generated. One source described Nigeria's energy transition as ultimately a quest for funding.

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