Nigeria

Since the beginning of the COVID19 pandemic in early 2020, Nigeria has committed at least USD 363.48 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • No public money commitments identified for unconditional fossil fuels
  • Some public money committed for conditional fossil fuels (1 policy with the value of public money unquantified)
  • At least USD 363.48 million for unconditional clean energy through 6 policies (5 quantified and 1 unquantified)
  • No public money commitments identified for conditional clean energy
  • No public money commitments identified for other energy

By energy type, some public money committed for oil and gas (1 policy with the value of public money unquantified).

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of Nigeria through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

More information on key poverty and inequality indicators in Nigeria can be found on the Inequality and Poverty Dashboard page.

Updated: 25 May 2022


At least

$0

Supporting fossil fuel energy

$0.00

Per capita



At least

$363.48 million

Supporting clean energy

$1,764,475.98

Per capita

Nigeria

Since the beginning of the COVID19 pandemic in early 2020, Nigeria has committed at least USD 363.48 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • No public money commitments identified for unconditional fossil fuels
  • Some public money committed for conditional fossil fuels (1 policy with the value of public money unquantified)
  • At least USD 363.48 million for unconditional clean energy through 6 policies (5 quantified and 1 unquantified)
  • No public money commitments identified for conditional clean energy
  • No public money commitments identified for other energy

By energy type, some public money committed for oil and gas (1 policy with the value of public money unquantified).

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of Nigeria through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

More information on key poverty and inequality indicators in Nigeria can be found on the Inequality and Poverty Dashboard page.

$ %

Public money commitments to fossil fuels, clean and other energy in Nigeria recovery packages since January 2020, USD billion, as of 25 May 2022

Country Jurisdiction Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Stage Legislation and Endorsing Agency Arm of Government Primary and secondary stated objective of the policy Date of entry into force Implemented repeal date, if any Value committed, national currency Value disbursed, national currency Value disbursed, USD: Policy background Links to official sources Links to additional sources
Nigeria National Fossil conditional End to Fossil Fuel Subsidies Power generation Oil and gas Fossil fuel subsidy reform 2020040606/04/2020 Energy use (all energy types, consumption in transport, household use, buildings etc) Government NNPC is a state-owned oil company. Fuel prices are regulated in Nigeria; they are kept low (subsidized) to help consumers. The government has tried to remove fuel subsidies for the last two decades; the 2012 attempt ended in protests and riots against the then-serving President. It is still unclear whether the subsidy reform is permanent.

https://www.bloomberg.com/news/articles/2020-05-09/oil-crash-spurs-nigeria-to-end-fuel-subsidies-risk-backlash
Nigeria National Clean unconditional Solar Power Naija Power generation Solar New or extended regulation (IT... 358974358.97436 2020030101/03/2020 Electricity storage or transmission or distribution Rural Electrification Agency (REA) Government Support the Economic sustainability plan, to create solar home systems and mini-grids to increase local revenues and create jobs 24/06/2020 140000000000 As part of the NGN23 trillion plan ($5.9 billion), Solar Power Strategy is intended to support 250,000 jobs and impact up to 25 million beneficiaries through the installation of 5 million Solar Home systems and mini-grids. Provision of reliable electricity to health clinics will also be included as a priority. Exact financing mechanism is not specified, estimated costs are NGN 140 billion.

https://rea.gov.ng/solar-power-naija/

https://www.seforall.org/policy-and-regulatory-frameworks/project-nigerian-solar-value-chain
Nigeria National Clean unconditional Mass Rural Electrification Programme Power generation Solar New or extended regulation (IT... Electricity storage or transmission or distribution Rural Electrification Agency (REA); "Energy for All - Mass Rural Electrification Programme" Government The objective of this programme is to provide electricity to 200 health care facilities and 104 unity schools using solar energy This programme will be implemented by the Nigeria Rural Electrification Agency (REA), the program will improve energy access, create jobs for citizens, as well as help the federal government to attain 30 percent of renewable energy contributing to the power sources by 2030. It will financed by the Federal Government through budgetary allocation

https://constructionreviewonline.com/news/nigeria/nigeria-to-electrify-304-health-care-facilities-and-schools-with-renewable-energy/
Nigeria National Clean unconditional Covid-19 & Beyond Initiative Power generation Solar Uncategorized 200000 2020033030/03/2020 Electricity storage or transmission or distribution REA, World Bank Government The objective of this initiative is to provide sustainable and clean energy power while ensuring the use of retrofitted electrical appliances to minimize power consumption in 100 isolation centers and 400 healthcare centres 78000000 This initiative is intended to provide adequate power supply for equipment and ensure steady water supply to selected Covid-19 facilities. It will be implemented by the Nigeria Rural Electrification Agency (REA) under the World Bank funded Nigeria Electrification Programme Solar Hybrid Mini Grid Component

https://nep.rea.gov.ng/covid19-initiative/
Nigeria National Clean unconditional Covid-19 Solar Relief Fund Power generation Solar Budget or off-budget transfer ... 461538.46153846 2020033131/03/2020 Electricity storage or transmission or distribution All On Other The objective is to provide energy to selected healthcare facilities in the country that will help to contain Covid-19 180000000 Nigerian off-grid energy impact investing company, All On, in conjunction with four other companies intends to provide solar power for emergency health centers in support of the response to fighting the COVID-19 pandemic

https://www.all-on.com/media/media-releases/all-on-announces-n180-million-covid-19-solar-relief-fund.html
Nigeria Subnational Clean unconditional Niger Delta Off-Grid Energy Fund Power generation Other renewable Budget or off-budget transfer ... 2564102.5641026 Electricity storage or transmission or distribution SOE The objective of the fund is to provide clean energy at affordable interest rates and friendly conditions to households, communities, and SMEs in the Niger Delta region 1000000000 This initiative will be funded by the Bank of Industry (BOI) and All On, it will facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10% interest rate per annum through the provision of local currency debt financing. Off-grid companies will be encouraged to address the access to energy gap in the Niger Delta region

https://www.all-on.com/media/media-releases/boi-and-all-on-announce-niger-delta-off-grid-energy-fund.html
Nigeria National Clean unconditional Solar Intervention Fund Power generation Solar Loan (Hybrid) 1282051.2820513 Electricity storage or transmission or distribution Central Bank of Nigeria Central bank It aims to expand energy access to 25 million individuals (five million new connections) through the provision of solar home systems or connection to a mini grid. It will also increase local content in the off-grid solar value chain and facilitate the growth of the local manufacturing industry; as well as incentivise the creation of 250,000 new jobs in the energy sector 500000000 The central bank has introduced the solar connection intervention facility to complement the Federal Government’s effort of providing affordable electricity to rural dwellers through the provision of long-term low-interest credit facilities to the Nigeria Electrification Project pre-qualified home solar value chain players that include manufacturers and assemblers of solar components and off-grid energy retailers in the country

https://www.nipc.gov.ng/2020/09/15/cbn-unveils-solar-intervention-fund-fixes-n500m-maximum-limit/#