Ingas-Presentation-.pdf

1、“Advancing EU-Nigeria Energy Transition Cooperation”10TH NIGERIA ENERGY FORUM HELD VIRTUALLY ON THURSDAY 20TH NOVEMBER2025Organized by:Nigeria Energy Forum Historical Journey of Energy TransitionIn 1920,coal accounted for 62%of primary energy consumption.The petroleum age took over in 1965 with crud

2、e oil as the most consumed energysource.Although up until now,fossil fuels have continued to dominate our energy resourcesyet renewable energy is making progress and will soon take over-World EconomicForumThe share of renewables in global electricity generation is projected to rise to 43%by2030-IEAT

3、wo major drivers of the transition to renewable as the energy of the future are;Costand environmental benefits.Firstisthecontinuousdecreaseinthepriceofrenewableenergygenerationequipment.For example the cost of PV panel per watt has fallen over the past fourdecades from$100 per watt in 1976to$0.23 in

4、 2016which represent 99.3%decrease.BloombergSecondly in line with global Paris agreement to maintain global average temperature:well below 2C above pre-industrial.Energy Access Gap in NigeriaAs of 2023,Nigeria has the highest number of people without electricityaccessglobally,with86.8millionindividu

5、alslackingreliablepower,according to the World Banks latest energy progress report.Nigerias consumption of electricity per capita is amongst the lowest inAfrica,estimated at less than 150 kWh.Core Challenges to electricityaccess on the gird include;long-standingliquidity problem,Infrastructure Defic

6、iencies and Security Issues74%of the population lack access to clean cooking resulting in significantquality and length of life repercussions for mainly women and children inthe country.The grid extension by relying alone on grid supply is not sufficient to meet100%electricity access.Hencetheneedtom